Business, 14.11.2019 19:31 dudedan05

Suppose that general motors acceptance corporation issued a bond with 10 years until maturity, a face value of $ 1 comma 000 , and a coupon rate of 7.4 % (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?

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Suppose that general motors acceptance corporation issued a bond with 10 years until maturity, a fac...