At what price should this bond trade? today

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A Ford Motor Co. coupon bond has a coupon rate of 6.6?%, and pays annual coupons. The next coupon is due tomorrow and the bond matures 39 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 ?$_____.

Reference no: EM132467143

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