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Suppose that General Motors Acceptance Corporation dabond with 10 years unti matanya face value of 51,000, and a coupons of 70%. (annual payments) The yield

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Suppose that General Motors Acceptance Corporation dabond with 10 years unti matanya face value of 51,000, and a coupons of 70%. (annual payments) The yield to maturity on this bond when it was issued was 58 Assuming the yield to matury remains constant what is the price of the bond immediately before it makes its first coupon payment? Before the fast coupon payment, the price of the bond is $ 1.116 64 (Round to the nearest cont)

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