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Suppose that Goneral Motors Acceptance Corporabon issued a bond with 10 years unti maturly, a face value of 51,000 , and a coupon rate of

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Suppose that Goneral Motors Acceptance Corporabon issued a bond with 10 years unti maturly, a face value of 51,000 , and a coupon rate of 7 BF (annual payments). The yield to muturif on this bond when it was issued was 62%. What was the price of this bond when it was issued? When it was isued, the peroe of the bond was ? (Round to the heareu cent.)

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