A 14.50% coupon Ford corporate bond maturing on March 10, 1973 is yielding 12.90% on...
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A 14.50% coupon Ford corporate bond maturing on March 10, 1973 is yielding 12.90% on November 23, 1970. What is the current price of the bond on November 23, 1970?
Round to 2 decimal places.
ALL THE ANSWERS I HAVE RECIEVED FROM YOU GUYS ON THIS PROBLEM IS WRONG. THIS IS MY 10TH TIME POSTING THIS QUESTION SO CAN SOMONE PLEASE GIVE ME THE CORRECT ANSWER
Round answers according to instructions in each problem.
Do not round intermediate calculations.
All cash flows occur at the end of the period.
Do not include symbols such as $ and % in your answers.
Enter answers as positive numbers.
A bond's par value is S1,000 unless specified otherwise.
A bond's coupons are paid semi-annually unless specified otherwise.
All stated interest rates are annual unless specified otherwise.
Enter all interest rate answers in decimal format (not % format). Example: .05 not 5
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