Question
A Ford Motor Co. coupon bond has a coupon rate of 6.7%, and pays annual coupons. The next coupon is due tomorrow and the bond
A Ford Motor Co. coupon bond has a coupon rate of
6.7%,
and pays annual coupons. The next coupon is due tomorrow and the bond matures
24
years from tomorrow. The yield on the bond issue is
6.35%.
At what price should this bond trade today, assuming a face value of
$1,000?
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Financial Management In The Sport Industry
Authors: Matthew T Brown, Daniel Rascher, Mark S Nagel, Chad Mcevoy
1st Edition
1934432040, 978-1934432044
