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A car company coupon bond has a coupon rate of 6.5% and pays annual coupons. The next coupon is due tomorrow and the bond matures 26 yrs. From tomorrow. The yield on the bond issue is 6%. 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 nearest cent)

Jul 1st, 2015

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6.5% rate bond with face value 1000 & maturity period 26 yrs : should trade today at \$ 194.50

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Jul 1st, 2015

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Jul 1st, 2015
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Jul 1st, 2015
Dec 8th, 2016
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