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Homework answers / question archive / 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 72% (annual payments)

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 72% (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) Sog 3:46 AM 8/4/2020 da ENG Desktop Enter your answer in the answer box and then click Check Answer SS E e e I

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