In 2008, when the U.S. automobile industry was struggling, the price of Ford Motor Company bonds rose. Give all answers to two decimals. a. If a one-year Ford bond originally had a face value of $10,000 and a price of $9,500, what was the interest rate? 5.26 % b. What is the new interest rate on the same bond if the price rises to $9,900?

Answer rating: 100% (QA)

Heres the formula you can use in cell K2 to calculate the final price after considering both discoun... View the full answer