Question: How do you get this answer? Please show work. 2. WalMart has another $1000 par value, semiannual pay bond with a coupon of 4.5%, 32

How do you get this answer? Please show work. 2. WalMart

How do you get this answer? Please show work.

2. WalMart has another $1000 par value, semiannual pay bond with a coupon of 4.5%, 32 years to maturity, and a yield of 3.4%. What is its price? Answer: $1213.53, which would be quoted as 121.353

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