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Suppose that Tesla Motors issued a bond with 1 8 years until maturity and a face value of $ 1 0 0 , and a

Suppose that Tesla Motors issued a bond with 18 years until maturity and a face value of $100, and a coupon rate of 7.6%(annual payments). The yield to maturity on this bond when it was issued was 4.9%. 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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