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Assume the below information to answer the following question(s). Company Coupon Maturity Last Price Yield Ford (F) 11.0 July 31, 2028 65.50 16.8% a)
Assume the below information to answer the following question(s). Company Coupon Maturity Last Price Yield Ford (F) 11.0 July 31, 2028 65.50 16.8% a) Assume this bond's face value is $1,000. What is the bond's current market price? b) What is the last yield for this bond?
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a To calculate the bonds current market price we need to use the bond pricing formula The formula is ...
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Corporate Finance Core Principles And Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
6th Edition
1260571122, 978-1260571127
