"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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Category: mechanicalengineering |
Author: Ehud Raghnall
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