Table 6.1Assume the below information to answer the following question(s).Assume the below information to answer the following
Question:
Table 6.1Assume the below information to answer the following question(s).Assume the below information to answer the following question(s).ModifyingAbove and below Start 2 By 1 Matrix 1st Row 1st Column Start 2 By 1 Matrix 1st Row 1st Column Bold EST EST VOL. 2nd Row 1st Column Bold Modifying Company Coupon Maturity Last Price Last Yield Spread UST left parenthesis 000 s right parenthesis with underline EndMatrix 2nd Row 1st Column Ford left parenthesis Upper F right parenthesis 11.0 July 31 comma 2014 65.50 question mark 104 10 5 comma 100 EndMatrix with brackets
| ||
Ford(F)11.0July31,201465.50?104105,100 |
Based on the Table 6.1, assume this bond's face value is $1,000. What is the bond's current market price?
A.$65.00
B.$655.00This is the correct answer.
C.$650.00
D.$6,550.00
$655.00 correct answer. Please give me a step by step.