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 6.1%. What was the price of this bond when it was issued? When it was issued, the price of the bond was $. (Round to the nearest cent.)

Suppote that Cenecal Motors Accoptance Corporation issued a bond wah 10 years until maturity, a face value of $1,000, and a coupcn rate of 7,9% (annual payments). The yiold to maturty on this bond when it was issued was 6.1%. What was the price of this bond when it was issued? Whec a was issued, the price of the bond was : (Round to the nearest cent)