Purchase a corporate bond

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Reference no: EM13933520

You want to purchase a corporate bond. Ford has one available that matures in 2026 and is currently quoted at 108.75. You see that the coupon rate is quoted as 6.5 and the bond pays coupons on June and December 30th.It is now July 7th.What is the price of this bond?

Reference no: EM13933520

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