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

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Finance

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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 band matures 25 years from tomorrow. The yield on the bond issue is 6.2%. 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 cont.) What is the price of a 5-year, 8.2% coupon rate, $1,000 face value bond that pays interest annually if the yield to maturity on similar bonds is 7.2%? The price of the bond is $(Round to the nearest cont.)

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