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What is the price of the bond immediately

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Reference no: EM132974333

Question - 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 7.8% ?(annual payments). The yield to maturity on this bond when it was issued was 6.3%. Assuming the yield to maturity remains? constant, what is the price of the bond immediately after it makes its first coupon? payment?

Reference no: EM132974333

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