A Ford Motor Co. coupon bond has a coupon rate of
6.556.55%,
and pays annual coupons. The next coupon is due tomorrow and the bond matures
4040
years from tomorrow. The yield on the bond issue is
6.16.1%.
At what price should this bond trade today, assuming a face value of
$1 comma 0001,000?
The price of the bond today should be
$
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