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A Ford Motor Co. coupon bond has a coupon rate of 6.75%, and pays annual coupons. The next coupon is due tomorrow and the bond

A Ford Motor Co. coupon bond has a coupon rate of

6.75%,

and pays annual coupons. The next coupon is due tomorrow and the bond matures

38

years from tomorrow. The yield on the bond issue is

6.15%.

At what price should this bond trade today, assuming a face value of

$1,000?

The price of the bond today should be ?????????

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