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Suppose that General Motors Acceptance Corporation issued a bond with 1 0 years until maturity , a face value of $ 1 , 0 0

Suppose that General Motors Acceptance Corporation issued a bond
with 10 years untilmaturity, a face value of $1,000, and a
coupon rate of 7.2%(annual payments). The yield to maturity on
this bond when it was issued was 6.4%. Assuming the yield to
maturity remainsconstant, what is the price of the bond
immediately before it makes its first couponpayment?Before the first couponpayment, the price of the bond is
$_______.(Round to the nearestcent.)

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