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a credit rating of A . You notice that the credit spread for five - year maturity A debt is 9 1 basis points left

a credit rating of A. You notice that the credit spread for five-year maturity A debt is 91 basis points left parenthesis 0.91% right parenthesis . Your firm's five-year has semi-annual coupons and a coupon rate of 8%. You see that new five-year Government of Canada bonds are being issued with a YTM of 3%. What should the price of your outstanding five-year bonds be? Assume a par value of $100.

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