Question
WMT Corporation has an outstanding issue of 30-year maturity corporate bond with face value of $1,000 and a coupon of 6%, paying coupon interest semi-annually.
WMT Corporation has an outstanding issue of 30-year maturity corporate bond with face value of $1,000 and a coupon of 6%, paying coupon interest semi-annually. If the market rate of interest (YTM) is 8% on similar risk bonds, at what price would this bond trade in the market.
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Asset Allocation Strategies For Mutual Funds Evaluating Performance Risk And Return
Authors: Giuseppe Galloppo
1st Edition
3030761274,3030761282
