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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