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(Quantitative Question) Suppose that General Motors Acceptance Corporation issued a bond with 10 years until maturity, a face value of $1000, and a coupon rate

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(Quantitative Question) Suppose that General Motors Acceptance Corporation issued a bond with 10 years until maturity, a face value of $1000, and a coupon rate of 6% annual payments). The yield to maturity on this bond when it was used was 5% Answer the questions below round to nearest.cent a. What was the price of this bond when it was issued? b. Assuming the yield to maturity remains constant, what is the price of the bond immediately after it makes its first coupon payment? Assuming the yield to maturity remains constant, what is the price of the bond immediately before it makes its first coupon payment? Write your answers both in the spaces above and on the empty pages on which you will show your work for all 4 parts (including a timeline for parts a and b; timeline is not needed for part c)

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