What is the price of the bond immediately

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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 7.7 %?(annual payments). The yield to maturity on this bond when it was issued was 5.6 % .Assuming the yield to maturity remains? constant, what is the price of the bond immediately before it makes its first coupon? payment?

Reference no: EM131993611

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