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2. Haliburton's long term debt is comprised of 1,000,000 25-year $1,000 face value bonds issued ten years ago at an 6% coupon rate which pays interest twice a year. Similar bonds are now selling to yield 4%. Haliburton's preferred is from a single issue of 200,000 $100 par value, 8% preferred stock that is now selling to yield 5%. Haliburton has ten million shares of common stock outstanding at a current market price of $45. Calculate Haliburton's market value based capital structure. Market value of debt: Market value of preferred stock Total market values