Ford motor co has bb rated bonds outstanding that mature in, Financial Management

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Ford motor co has bb rated bonds outstanding that mature in

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 appropriate 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 Management: Ford motor co has bb rated bonds outstanding that mature in

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Financial Management: Ford motor co has bb rated bonds outstanding that mature in

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