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math.com/Student/PlayerHomework.aspx?homeworkid=555286141&questionid=1&flushed=false&cl=58741158.centerwineyes Fin320Da Silvaspring2020Section 17 Joel Ryken & | 03/15/20 Homework: Chapter 6 Homework Score: 0 of 1 pt 7 of 9 (6 complete) P 6-18

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math.com/Student/PlayerHomework.aspx?homeworkid=555286141&questionid=1&flushed=false&cl=58741158.centerwineyes Fin320Da Silvaspring2020Section 17 Joel Ryken & | 03/15/20 Homework: Chapter 6 Homework Score: 0 of 1 pt 7 of 9 (6 complete) P 6-18 (similar to) HW Score: 44.44%, Question He 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 7.7% (annual payments) The yield to maturity on this bond when it was issued was 6.4% What was the price of this bond when it was issued? When it was issued, the price of the bond was $ (Round to the nearest cent)

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