Suppose that general motors issued a bond with 10 years, Ask an Expert

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Suppose that General Motors issued a bond with 10 years until maturity, a face value of $1,000, and a coupon rate of 7% (annual payments). The yield to maturity on this bond when it was issued was 6%. Assuming the yield to maturity remains constant, what is the price of the bond immediately after it makes its first payment? Please use financial calculator's functions to explain the calculations

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Financial Management, Finance

Category:- Financial Management
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