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Suppose that Ford issues a coupon bonds at a price of $1,000, which is the same as the bond's par value. Assume the bond has
Suppose that Ford issues a coupon bonds at a price of $1,000, which is the same as the bond's par value. Assume the bond has a coupon rate of 6%, pays the coupon once per year, and has a maturity of 15 years. If an investor purchased this bond at the price of $1,000, for each year except the last year, the investor would receive a payment of $. (Round your answers to the nearest dollar.) When the bond matures, the investor would receive a final payment of $. (Round your answers to the nearest dollar.) Now suppose the price of the bond changes to $1,090. Assuming an investor purchased the bond at a price of $1,090, the investor would receive a current yield equal to %. (Round your answer to two decimal places.)
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