General Motors issued a semi-annual coupon bond with a coupon rate of 14% and the yield...

General Motors issued a semi-annual coupon bond with a coupon rate of 14% and the yield to maturity of 16%. The bond has a Face Value of $1,000 and matures in 7 years. What will this bond sell for? (Calculate the price of this bond)

		$ 577.10
		$ 1000
		$ 1,108
		$ 917.56

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Expert Solution

jeff jeffy answered 1 year ago

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