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What was the price of this bond when it was? issued

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Reference no: EM132978514

Question - 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: EM132978514

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