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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 years untilmaturity a face value of $ and a
coupon rate of annual payments The yield to maturity on
this bond when it was issued was Assuming the yield to
maturity remainsconstant what is the price of the bond
immediately before it makes its first couponpaymentBefore the first couponpayment the price of the bond is
$Round to the nearestcent
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