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A Ford Motor Co. coupon bond has a coupon rate of 6.9%, and pays annual coupons. The next coupon is due tomorrow and the bond

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

6.9%, and pays annual coupons. The next coupon is due tomorrow and the bond matures

30 years from tomorrow. The yield on the bond issue is

6%. At what price should this bond tradetoday, assuming a face value of

$1,000?

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