What was the price of this bond when it was issued

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Reference no: EM131603341

Suppose that Toyota Motors Corporation issued a bond with 15 years until maturity, a face value of $1000, and a coupon rate of 7.75% (annual payments). The yield to maturity on this bond when it was issued was 6.39%. What was the price of this bond when it was issued?

Reference no: EM131603341

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