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mplete) | pHw score. rove, lo Score: 0 of 3 pts P.6-19.(similar to) Help Me Solve This E Question Help Suppose that General Motors Acceptance Corporation issued a bond with 10 years until maturity, a face value of S 1,000, and a coupon rate of 7 1 % (annual payments) The yield to maturity on this bond when it was issued was 62% Assuming the yield to matur tyremains constant what is the price of the bond immediately before it makes ts first coupon ment? We should recognize that we can find the valuof the bond by using our formula for the value of a bond as if the coupon has been paid and then adding the amount of the pending coupon. Before the first coupon payment, the price of the bond is determined using the following formula CPV where CPN is the coupon payment, y is the yield to maturity FV is the face value, and n is the number of years (payments) Enter your answer in the answer box and then cick Check Answer All parts showing Close