Suppose that General Motors Acceptance Corporation issued a bond with 10 years until maturity, a...

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Accounting

Suppose that General Motors Acceptance Corporation issued a bond with 10 years until maturity, a face value of $ 1 comma 000$1,000, and a coupon rate of 7.5%7.5%(annual payments). The yield to maturity on this bond when it was issued was 5.9%5.9%. 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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Part 1
After the first coupon payment, the price of the bond will be $enter your response here.

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