At what price should this bond trade? today

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Question - A Ford Motor Co. coupon bond has a coupon rate of 6.9?%, and pays annual coupons. The next coupon is due tomorrow and the bond matures 25 years from tomorrow. The yield on the bond issue is 6?%. At what price should this bond trade? today, assuming a face value of ?$1,000??

Reference no: EM132818171

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