Suppose that General Motors Acceptance Corporation issued a bond with 10 years until​ maturity, a face value of $1,000​,

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

Suppose that General Motors Acceptance Corporation issued a bond with 10 years until​ maturity, a face value of $1,000​,

Post by answerhappygod »

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 6.3%.What was the price of this
bond when it was​ issued?
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”