A ford motor co coupon has a coupon rate of 675 and pays, Financial Management

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A ford motor co coupon has a coupon rate of 675 and pays

A Ford Motor Co. coupon has a coupon rate of 6.75% 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 6.45%. At what price should this bond trade today, assuming a face value of $1,000?

The price of the bond today should be-

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Financial Management: A ford motor co coupon has a coupon rate of 675 and pays

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Financial Management: A ford motor co coupon has a coupon rate of 675 and pays

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