Question
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 31 years from tomorrow. The yield on the bond issue is 6.1%. At what price should this bond trade today, assuming a face value of $1000?
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Personal Finance
Authors: Jack Kapoor
6th Edition
0072350849, 9780072350845
