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4 points Suppose that Tesla Motors issued a bond with 13 years until maturity and a face value of $100, and a coupon rate of

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4 points Suppose that Tesla Motors issued a bond with 13 years until maturity and a face value of $100, and a coupon rate of 7.8% (annual payments). The yield to maturity on this bond whenit was issued was 8%. Assuming the yield to maturity remains constant, what is the price of the bond immediately after it makes its first coupon payment? $106.29 $98.49 598.42 $106.22

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