What should be the price in dollars of this bond

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Assume that Ford has a 30 year, 6.5% coupon bond, par value of $1,000. Given Ford’s recent troubles, your broker indicates that the yield-to-maturity of this bond should be 7.95%. Assume that coupon payments are semi-annual. What should be the price in dollars of this bond?

Reference no: EM131449852

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