Determining the value of the bond

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Reference no: EM133057968

Consider the following bond issued by Halliburton:coupon rate: 5.324%, with semi-annual coupon payments

  • Face value: $1,000
  • Bond matures in 23 years

Suppose, for the sake of argument, that the annual discount rate is 5.478%, 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.

Reference no: EM133057968

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