Question
Ford Motor Co. has BB rated bonds outstanding that mature in 24 years, and have a 7.625% coupon rate. Coupon payments are made semi-annually. If
Ford Motor Co. has BB rated bonds outstanding that mature in 24 years, and have a 7.625% coupon rate. Coupon payments are made semi-annually.
If the approriate required rate of return for his bond is 6.50, what is the value of the bond?
Express your answer to the nearest cent.
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Financial Statement Analysis & Dividend Investing
Authors: Andrew P.C.
1st Edition
1075873940, 978-1075873942
