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Consider the following bond issued by Walmart: coupon rate: 3.155% face value: $1,000 maturity date: July 15, 2040 semi-annual coupons settlement date: March 8, 2020
Consider the following bond issued by Walmart: coupon rate: 3.155% face value: $1,000 maturity date: July 15, 2040 semi-annual coupons settlement date: March 8, 2020 yield (YTM): 7.621% most recent coupon payment date: January 15, 2020 What is the value of the bond? (Equivalently, we are calculating the "dirty price".) Express your answer as the dollar and cents price for a bond with $1,000 face value. Do not round at intermediate steps in your calculation. Round your answer to the nearest penny. Do NOT include a minus sign! Do not type the $ symbol
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