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
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 22 years from tomorrow. The yield on the bond issue us 6.3%. At what price should this bond trade today, assuming a face value of $1,000?
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Financial Management Theory And Practice
Authors: Eugene F Brigham, Michael C Ehrhardt
11th Edition
0324259689, 9780324259681
