Question

Consider the following bond issued by Walmart: coupon rate: 4.828% face value: $1,000 maturity date: July...

Consider the following bond issued by

Walmart: coupon rate: 4.828% face value: $1,000 maturity date: July 15, 2040 semi-annual coupons settlement date: March 8, 2020 yield (YTM): 4.164% 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.

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