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 7.2% ?(annual payments). The yield to maturity on this bond when it was issued was 6.3%. Assuming the yield to maturity remains? constant, what is the price of the bond immediately after it makes its first coupon? payment?
After the first coupon? payment, the price of the bond will be ?