What was the price of this bond when it was


Suppose that General Motors Acceptance Corporation issued a bond with 10 years until? maturity, a face value of $ 1 comma 000$1,000?, and a coupon rate of 7.2 %7.2% ?(annual payments). The yield to maturity on this bond when it was issued was 6.3 %6.3%. What was the price of this bond when it was? issued?

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Financial Management: What was the price of this bond when it was
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