SissyBoo8741 SissyBoo8741

08-03-2024
Business

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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 payments). The yield to maturity is:
A) 6.70%
B) 7.00%
C) 7.30%
D) 7.60%

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