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1)If a Ford Motor 14-year corporate debenture was trading a price of $948, what would its YTM be if it has a 5.8% coupon rate

1)If a Ford Motor 14-year corporate debenture was trading a price of $948, what would its YTM be if it has a 5.8% coupon rate (semiannual payment)?

1b) Assuming this bond has a BB credit rating, how might Ford improve its balance sheet (capital structure) to potentially reduce its cost of capital? Please explain and show work in excel.

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