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general motors acceptance corporation issues a bond with 10 years until maturity, a face value of $1000, and a coupon rate of 7% (annual payments).
general motors acceptance corporation issues a bond with 10 years until maturity, a face value of $1000, and a coupon rate of 7% (annual payments). the yield to maturity on this bond when it was issued was 6%, and the price when it was issued is $1073.6009, assuming the yield to maturity stays the same, what is the price of the bond immediately before it makes it's first coupon payment, and immediately after it makes its first coupon payment
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