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Ford Motor Co. (F) has created a sinking fund for the purpose of retiring bonds issued several years ago. The sinking fund is large enough to redeem the outstanding bonds at 102½. If the bonds are trading in the market at 97, Ford's board of directors should
If Ford is prepared to pay $1,025 for each bond at redemption, it can save $55 per bond by purchasing the bonds back in the market at 97.
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Ford Motor Co. (F) has created a sinking fund for the purpose of retiring bonds issued several years ago. The sinking fund is large enough to redeem the outstanding bonds at 102½. If the bonds are trading in the market at 97, Ford's board of directors should
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