Question: The financial information below provides key pricing data for a corporate bond issued by Walmart, Inc. By using the data provided, calculate the YTM of


The financial information below provides key pricing data for a corporate bond issued by Walmart, Inc. By using the data provided, calculate the YTM of this bond. To keep your calculations simple, assume the data date as Dec. 31, 2023, and the maturity date as Dec. 31, 2037. Hint: to calculate "n", find the number of coupon Hint: Use the RATE() function to calculate the YTM. WALMART INC. Bond 118.8716.57(12.23%) 20.07.2023 STU
Step by Step Solution
There are 3 Steps involved in it
Step 1 Gather Information 1 Coupon Rate 6500 2 Face Value FV 1000 3 Current Price PV 118870 4 Maturi... View full answer
Get step-by-step solutions from verified subject matter experts
