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# 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)