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How do I solve this Suppose that General Motors Acceptance Corporation issued a bond with 10 years until maturity, a face value of $1000 ,
How do I solve this Suppose that General Motors Acceptance Corporation issued a bond with 10 years until maturity, a face value of $1000 , and a coupon rate of 7.5% (annual payments). The yield to maturity on this bond when it was issued was 5.9% . What was the price of this bond when it was issued? Question content area bottom Part 1 When it was issued, the price of the bond was $ enter your response here. (Round to the nearest cent.)
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