Question
A Ford Motor Co. coupon has a coupon rate of 6.85% and pays annual coupons. The next coupon is due tomorrow and the bond matures
A Ford Motor Co. coupon has a coupon rate of 6.85% 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%. At what price should this bond trade today, assuming a face value of $1,000?
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The Freedmans Handbook A Practical Guide To Wealth
Authors: Wilfred Brown, Adrian Tullock
1st Edition
1478748400, 978-1478748403
