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Suppose at General Motors Acoplance Corporation issued a bond with 10 years unli matury, a face value of $1.000, and a coupon rate of 7.8%

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Suppose at General Motors Acoplance Corporation issued a bond with 10 years unli matury, a face value of $1.000, and a coupon rate of 7.8% (annual payments The yield to matarly on this bond when it was issued was 6.13. What was the price of the band when I was issued? When I was set the price of the bond Round to the nearest cont.)

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