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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 34 years from tomorrow. The yield on the bond issue is 6.35?%. At what price should this bond trade? today, assuming a face value of ?$1,000??

Reference no: EM131769062

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