On February 6, 2017, the NYSE bond directory quoted a bond price of 130.03 for Ford Motor
Question:
On February 6, 2017, the NYSE bond directory quoted a bond price of 130.03 for Ford Motor Company’s 7.45 percent bonds maturing on July 16, 2031. Were the bonds listed at a discount or premium? Does this mean the market interest rate for comparable bonds was higher or lower than 7.45 percent?
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Because the bond quote price of 13003 is gre...View the full answer
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Related Book For 
Fundamentals of Financial Accounting
ISBN: 978-1259864230
6th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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