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Suppose that General Motors Acceptance Corporation issued a bond with 10 years until matu- rity, a face value of $ 1000 and a coupon rate

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Suppose that General Motors Acceptance Corporation issued a bond with 10 years until matu- rity, a face value of $ 1000 and a coupon rate of 7% (annual payments). The yield to maturity on this bond when it was issued uus 6%. Use this information to solve Problems 18-20

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