Question
Suppose that General Motors Acceptance Corporation issued a bond with 10 years until maturity, a face value of $1,000, and a coupon rate of 7.9%
Suppose that General Motors Acceptance Corporation issued a bond with 10 years until maturity, a face value of
$1,000,
and a coupon rate of
7.9%
(annual payments). The yield to maturity on this bond when it was issued was
5.7%.
Assuming the yield to maturity remains constant, what is the price of the bond immediately after it makes its first coupon payment?
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Bitcoin Complete Guide To Bitcoin Understand Everything From Getting Started With Bitcoin Sending And Receiving Bitcoin To Mining Bitcoin
Authors: Mr Mark Gates
1st Edition
1974565491, 978-1974565498
