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Use the following bond quotation: Issuer Symbol Callable Coupon Maturity Rating Price Yield Walmart WMT.IM No 4.875 7/8/2040 Aa2 123.41 3.16 Part 1 Attempt 7/10

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Use the following bond quotation: Issuer Symbol Callable Coupon Maturity Rating Price Yield Walmart WMT.IM No 4.875 7/8/2040 Aa2 123.41 3.16 Part 1 Attempt 7/10 for 8 pts. If the bond has a face value of $1,000, how much interest does it pay per year (in $)? 48.75 Correct The coupon rate is expressed in percent of the face value. Annual coupon Coupon rate Face value A =4.875 % 1,000 . = 48.75 Part 2 What is the bond's current yield? 4+ decimals Submit Attempt 3/10 for 10 pts

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