Question
Ford Motor Co. has BB rated bonds outstanding that mature in 17 years, and have a 5.875% coupon rate. Coupon payments are made semi-annually. If
Ford Motor Co. has BB rated bonds outstanding that mature in 17 years, and have a 5.875% coupon rate. Coupon payments are made semi-annually. If the appropriate required rate of return for this bond is 7.00, what is the value of the bond?
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Public Finance In Canada
Authors: Harvey S. Rosen, Wen, Snoddon
4th Canadian Edition
0070071837, 978-0070071834
