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Consider the following bond issued by Halliburton: -coupon rate: 3.618%, with semi-annual coupon payments -Face value: $1,000 -Maturity date: August 1, 2023 Assume that today

Consider the following bond issued by Halliburton:

-coupon rate: 3.618%, 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 of argument, that the annual discount rate is 7.899%, with semi-annual compounding. What is the value of the bond?

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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