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11-10-2022
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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 6.4%. what was the price of this bond when it was issued? question content area bottom part 1 when it was issued, the price of the bond was $enter your response here.

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