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QUESTION
Suppose that General Motors Acceptance Corporation issued a bond with 10 years until maturity, a face value of $ 1000 , and a coupon rate of 7.6 %...
Suppose that General Motors Acceptance Corporation issued a bond with 10 years until maturity, a face value of
$ 1000
,
and a coupon rate of
(annual payments). The yield to maturity on this bond when it was issued was
.
What was the price of this bond when it was issued? (question 7 of ch 6)
