Question: Walmart Inc. is the worlds largest retailer. A large portion of the premises that the company occupies are leased. Its financial statements and disclosure notes

Walmart Inc. is the worlds largest retailer. A large portion of the premises that the company occupies are leased. Its financial statements and disclosure notes revealed the following information: Balance Sheet ($ in millions) 2017 2016 Assets Property: Property under finance lease obligations $ 11,637 $ 11,096 Less: Accumulated amortization (5,169 ) (4,751 ) Liabilities Current liabilities: Finance lease obligations due within one year 565 551 Long-term debt: Long-term finance lease obligations 6,003 5,816 3. What is the approximate average interest rate on Walmarts finance leases? (Hint: See Req. 2) (Round your answer to 1 decimal place.)

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