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Homework: Chapter 6 Homework Save Score: 0 of 1 pt 10 of 13 (9 complete) HW Score: 61.54%, 8 of 13 pts Question Help P

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Homework: Chapter 6 Homework Save Score: 0 of 1 pt 10 of 13 (9 complete) HW Score: 61.54%, 8 of 13 pts Question Help P 6-18 (similar to) Suppose that General Motors Acceptance Corporation issued a bond with 10 years until maturity, a face value of $1,000, and a coupon rate of 7.8% (annual payments). The yield to maturity on this bond when it was issued was 6.19. What was the price of this bond when it was issued? When it was issued, the price of the bond was $1(Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer All parts showing MacBook Air

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