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Suppose that Tesla Motors issued a bond with 17 years until maturity and a face value of $100, and a coupon rate of 5% (annual
Suppose that Tesla Motors issued a bond with 17 years until maturity and a face value of $100, and a coupon rate of 5% (annual payments). The yield to maturity on this bons when it was issued was 5.6%. Assuming the yield to maturity remains constant, what is the price of the bond immediately before it makes its first coupon payment? $98.53 $93.77 $93.53 $98.77
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