Question
A Ford Motor Co. coupon bond has a coupon rate of 6.5%, and pays annual coupons.The next coupon is due tomorrow and the bond matures
A Ford Motor Co. coupon bond has a coupon rate of 6.5%, and pays annual coupons.The next coupon is due tomorrow and the bond matures 34 years from tomorrow.The yield on the bond issue is 6.4%.At what price should this bond trade today, assuming a face value of $1,000?
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International Business The Challenges Of Globalization
Authors: John J. Wild, Kenneth L. Wild
9th Edition
0134729226, 978-0134729220
