Suppose that General Motors Acceptance Corporation issued a bond with 10 years until maturity, a face value of $1,000,
Posted: Mon Mar 21, 2022 4:33 pm
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?
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?