Assume Walmart issued $1,000 10-year bonds. The bonds sold for $924 and pay interest semiannually. The required rate of return (semi-annual effective rate) for the bonds is .03. What is the bond's coupon rate, reported as an APR compounded semi-annually?

Answer rating: 100% (QA)

Answer Face value of the bond FV 1000 Number of year 10 s ... View the full answer