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Consider the following bond issued by Halliburton: coupon rate: 6.178%, with semi-annual coupon payments Face value: $1,000 Bond matures in 16 years Suppose, for the
Consider the following bond issued by Halliburton: coupon rate: 6.178%, with semi-annual coupon payments Face value: $1,000 Bond matures in 16 years Suppose, for the sake of argument, that the annual discount rate is 9.462%, 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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