Suppose that Tesla Motors issued a bond with $18$ years until maturity and a face value of $$100,$ and a coupon rate of $7\mathrm{.}6\%($annual payments$).$ The yield to maturity on this bond when it was issued was $4\mathrm{.}9\%.$ Assuming the yield to maturity remains constant, what is the price of the bond immediately after it makes its first coupon payment?

 

  

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To calculate the price of the bond immediately after it makes its first coupon payment we can ... View the full answer