Question: please help me understand this question, thank you for your time Suppose that General Motors Acceptance Corporation issued a bond with 10 years until maturity,

please help me understand this question, thank you for your time

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 7.0% (annual paym was 6.0%. Assuming the yield to maturity remains constant, what is the price of the bond immediatoly after it makes its first coupon payment? After the first coupon payment, the price of the bond will be s (Round to the nearest cent.) (Hownd to the newest cent)

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