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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 7.3%
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 7.3% (annual payments). The yield to maturity on this bond when it was issued was 5.8%. Assuming the yield to maturity remains constant, what is the price of the bond immediately before it makes its first coupon payment? Copertanto bend un voyant un minut, a 10, and a cupen 56 cm lamens Tin ja lopment on the best user user und von 50%. Asumingon as to many remains content that is in die band menta Before the first coupon payment, the price of the bond is $ (Round to the nearest cent)
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