Consider the following bond issued by Halliburton:
- coupon rate: 8.294%, with semi-annual coupon payments
- Face value: $1,000
- Maturity date: August 1, 2023
Assume that today is August 2, 2016. Suppose, for the sake ofargument, that the annual discount rate is 2.01%, with semi-annualcompounding. What is the value of the bond?
Do not round at intermediate steps in your calculation. Roundyour answer to the nearest penny. Do NOT include a minus sign! Donot type the $ symbol.
