Question
The price of a bond issued by Wal-Mart has is $985 today in the market. If this bond pays 6% coupon rate with payments made
The price of a bond issued by Wal-Mart has is $985 today in the market. If this bond pays 6% coupon rate with payments made semi-annually and has 9 years to mature with par value of $1,000. What is the current yield to maturity on this bond?
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Foundations In Personal Finance
Authors: Dave Ramsey
1st Edition
0981683967, 978-0981683966
