A corporation issued a bond with 10 years until maturity, a face value of $1000, and a coupon rate of 7.1% (annual payments). do yield to maturity on this bond when it was issued was 6.2%. Assuming the yield to maturity remains constant, what is the price of the bond immediately before it makes its first coupon payment?

P 6-19 (similar to) Question Help Buppose that General Motors Accept Corporation and a bond with 10 years laturity, a face value of 31.000, and a coupon of payment. They to maturity on this bond when it was sued was in the yield to malurily remains constant, what is the price of the band initely before makes its first coupon payment? Before the first coupon payment, the price of the bond is (Round to the nearest cert)