Consider the following bond issued by Walmart: coupon rate: 5.987% face value: $1,000 maturity...

50.1K

Verified Solution

Question

Finance

image
Consider the following bond issued by Walmart: coupon rate: 5.987% face value: $1,000 maturity date: July 15, 2040 semi-annual coupons settlement date: March 8, 2020 yield (YTM): 7.195% 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

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students