Two years ago, Ford Motor Company sold an issue of bonds with a 10-year maturity, a $1,000 par value, a 10 percent coupon rate, and semiannual interest payments. Now the going rate of interest on bonds such as these fell to 6 percent. At what price would

Two years ago, Ford Motor Company sold an issue of bonds with a 10-year maturity, a $1,000 par value, a 10 percent coupon rate, and semiannual interest payments. Now the going rate of interest on bonds such as these fell to 6 percent. At what price would



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