Find What was the price of bond when was issued

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Question 1: 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 7.6% (annual payments). The yield to maturity on this bond when it was issued was 6.2%. What was the price of this bond when it was issued?

Reference no: EM132900049

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