On May 9, 2011, finance.yahoo.com/bonds quoted a bond price of 129.7 for Ford Motor Company's 9.3 percent
Question:
On May 9, 2011, finance.yahoo.com/bonds quoted a bond price of 129.7 for Ford Motor Company's 9.3 percent bonds maturing on March 1, 2030. Were the bonds selling at a discount or premium? Does this mean the market interest rate for comparable bonds was higher or lower than 9.3 percent? Explain.
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Because the bond quote price of 12970 is gr...View the full answer
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Related Book For 
Fundamentals of Financial Accounting
ISBN: 978-0078025372
4th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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