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Posted on May 18, 2024

A General Motors bond carries a coupon rate of 1 0 . 4 1 % , has 9 years until maturity, and sells at a

A General Motors bond carries a coupon rate of

10.41 %,

has

9

years until maturity, and sells at a yield to maturity of

6.88 % .

What price does the bond sell?

(

Assume annual interest payments

)

Numeric Response

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