Suppose that general motors acceptance corporation issued a, Financial Management

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Suppose that general motors acceptance corporation issued a

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 7.8% ?(annual payments). The yield to maturity on this bond when it was issued was 6.3%. What was the price of this bond when it was? issued?

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