Consider the following bond issued by Halliburton: coupon rate: 8.294%, with semi-annual coupon payments Face value: $1,000 Maturity...

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Finance

Consider the following bond issued by Halliburton:
coupon rate: 8.294%, 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 ofargument, that the annual discount rate is 2.01%, with semi-annualcompounding. What is the value of the bond?
Do not round at intermediate steps in your calculation. Roundyour answer to the nearest penny. Do NOT include a minus sign! Donot type the $ symbol.

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3.8 Ratings (615 Votes)

Value of the Bond The Current Value of the Bond is the Present Value of the Coupon Payments plus the Present Value of the Face ValuePar Value The Price of the See Answer

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