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GM issues a bond with a face value of $1,000. It pays a coupon rate of 8%. The coupon payments are semi-annual (i.e., every 6

GM issues a bond with a face value of $1,000. It pays a coupon rate of 8%. The coupon payments are semi-annual (i.e., every 6 months). The yield to maturity on the bond is 10%. The price of this bond is:

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