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A Ford Motor Co. coupon bond has a coupon rate of 6.95 %, and pays annual...

A Ford Motor Co. coupon bond has a coupon rate of 6.95 %, and pays annual coupons. The next coupon is due tomorrow and the bond matures 23 years from tomorrow. The yield on the bond issue is 6.15 %. At what price should this bond trade today, assuming a face value of $1,000 ? The price of the bond today should be $________. (Round to the nearest cent.)

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SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

jeff jeffy answered 1 year ago
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