Say for example, The company Walmart bonds mature in 6 years, have a par value of $1,000, and make an annual coupon inte

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answerhappygod
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Say for example, The company Walmart bonds mature in 6 years, have a par value of $1,000, and make an annual coupon inte

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Say for example, The company Walmart bonds mature in 6 years,
have a par value of $1,000, and make an annual coupon interest
payment of $85. The market requires an interest rate of 6.1% on
these bonds. What is the bond's price?
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