You are considering investing in a GM bond with 7 years to maturity. The face value of the bond is $1,000. The coupon rate is 6% (annual payments). When the market requires a yield to maturity of 5% for this bond, what is the price of the GM bond
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Home » Business » You are considering investing in a GM bond with 7 years to maturity. The face value of the bond is $1,000. The coupon rate is 6% (annual payments). When the market requires a yield to maturity of 5% for this bond, what is the price of the GM bond