Question: 8 of 20 (O complete) This Test: 20 pts possibil Suppose that General Motors Acceptance Corporation issued a bond with 10 years until maturity,

8 of 20 (O complete) This Test: 20 pts possibil 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 7.1% (annual payments). The yield to maturity on this bond when it was issued was 5.9%. What was the price ot this bond when it was issued? When R was issued. the price of the bond was SCI. (Round to the nearest cont.)

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