Question
Consider the following bond issued by Halliburton: coupon rate: 6.703%, with semi-annual coupon payments Face value: $1,000 Bond matures in 9 years Suppose, for the
Consider the following bond issued by Halliburton:
- coupon rate: 6.703%, with semi-annual coupon payments
- Face value: $1,000
- Bond matures in 9 years
Suppose, for the sake of argument, that the annual discount rate is 4.58%, 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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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley Eakins
6th International Edition
0321552113, 9780321552112
