Assuming the yield to maturity remains? constant

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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 7.9% ?(annual payments). The yield to maturity on this bond when it was issued was 5.9%. Assuming the yield to maturity remains? constant, what is the price of the bond immediately after it makes its first coupon? payment?

Reference no: EM131307981

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