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Consider the following bond issued by Halliburton: coupon rate: 4.479%, 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: 4.479%, 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 5.004%, 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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