Question
A Ford Motor Co. coupon bond has a coupon rate of 7% and pays annual coupons. The next coupon is due tomorrow and the bond
A Ford Motor Co. coupon bond has a coupon rate of 7% and pays annual coupons. The next coupon is due tomorrow and the bond matures 29 years from tomorrow. The yield on the bond issue is 6.45%. At what price should this bond tradetoday, assuming a face value of $1,000?
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
6th edition
1305968352, 978-1337635653, 978-1305968356
