Business, 07.05.2020 05:00 gabypinskyb8045

"Suppose that General Motors Acceptance Corporation issued a bond with 10 years until maturity, a face value of $ 1 comma 000, and a coupon rate of 7.4 % (annual payments). The yield to maturity on this bond when it was issued was 6.4 %. What was the price of this bond when it was issued?"

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