What is the price etthe bond immediately


Problem

Suppose that General Motors Acceptance Corporation issued a bond With 10 years until maturity' a face value of 51000 and a coupon rate of 7.1% (annual payments). The yield to maturity on this bond when it was Issued was 63% Assuming the yield to maturity remains constant, what is the price etthe bond Immediately after it makes its first coupon payment?

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Financial Management: What is the price etthe bond immediately
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