Question
Walmart is performing vehicle inspections, with emphasis on emission standards. The company issued 7% annual coupon bonds three years ago. These bonds are now selling
Walmart is performing vehicle inspections, with emphasis on emission standards. The company issued 7% annual coupon bonds three years ago. These bonds are now selling at a YTM of 8.5%.
If the current bond price is $958.74, what is the remaining maturity of these bonds?
Answer [a]years:
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International Finance
Authors: Keith Pilbeam
3rd Edition
1403948372, 978-1403948373
