Mathematics, 21.04.2020 01:23 leo4687

A Ford Motor Co. coupon bond has a coupon rate of 6.85%, and pays annual coupons. The next coupon is due tomorrow and the bond matures 32 years from tomorrow. The yield on the bond issue is 6.3%. At what price should this bond trade today, assuming a face value of $1 comma 000?
The price of the bond today should be $
nothing.

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A Ford Motor Co. coupon bond has a coupon rate of 6.85%, and pays annual coupons. The next coupon is...

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