Walmart Inc. has a $$1000$ par value bond with exactly $14$ years remaining to maturity. The next semi$-$annual coupon will be paid in $6-$months at a rate of $7\mathrm{.}9\%$ APR compounded semi$-$annually. What is the current price of this bond if the market requires a yield$-$to$-$maturity of $6\mathrm{.}55\%$ APR compounded semi$-$annually?

Answer rating: 100% (QA)

To calculate the current price of the bond we can use the formula for the present value of a bond Cu... View the full answer