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A firm issues 10-year bonds with a coupon rate of 4.9%, paid semiannually. The credit spread for this firm's 10-year debt is 1.2%. New 10-year

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A firm issues 10-year bonds with a coupon rate of 4.9%, paid semiannually. The credit spread for this firm's 10-year debt is 1.2%. New 10-year Treasury notes are being issued at par with a coupon rate of 5.4%. What should the price of the firm's outstanding 10-year bonds be if their face value is $1000? O A. $701.58 B. $24.00 OC. $1,227.77 OD. $876.98

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