Consider the following bond issued by Walmart: coupon rate: 5.411% face value: $1,000 maturity date:...
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Consider the following bond issued by Walmart: coupon rate: 5.411% face value: $1,000 maturity date: July 15, 2040 semi-annual coupons settlement date: March 8, 2020 yield (YTM): 7.424% 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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