Halliburton Co. currently has a bond outstanding with a coupon rate of 8.513%. Par is an...

Halliburton Co. currently has a bond outstanding with a coupon rate of 8.513%. Par is an integral multiple of $1,000. Coupon payments are twice a year. What is the semi-annual coupon payment on a bond with $1,000 par?

Expert Solution

Information provided:

Coupon rate= 8.513%

Par value= $1,000

Semi-annual coupon payment= Semi-annual coupon rate*Par value

= 0.08513/2*$1,000

= 0.0426*$1,000

= $42.5650 $42.57.

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jeff jeffy answered 7 months ago

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