Ford motor co has bb rated bonds outstanding that mature in, Financial Management

Ford motor co has bb rated bonds outstanding that mature in

Ford Motor Co. has BB rated bonds outstanding that mature in 24 years, and have a 7.625% coupon rate. Coupon payments are made semi-annually.

If the appropriate required rate of return for his bond is 6.50, what is the value of the bond?

Express your answer to the nearest cent.

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Financial Management: Ford motor co has bb rated bonds outstanding that mature in

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Financial Management: Ford motor co has bb rated bonds outstanding that mature in

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