What is the value of the bond

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Reference no: EM132780848

Consider the following bond issued by Walmart: coupon rate: 3.686%maturity date: July 15, 2040semi-annual coupons

  • face value: $1,000
  • settlement date: March 8, 2020
  • yield (YTM): 5.029%
  • 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.

Reference no: EM132780848

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