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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