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A firm issues 10-year bonds with a coupon rate of 4%, paid semiannually. The credit spread for this firm's 10-year debt is 1.2%. New 10-year

A firm issues 10-year bonds with a coupon rate of 4%, 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 4.7%. What should the price of the firm's outstanding 10-year bonds be if their face value is $1000? O A. $1,201.21 O B. $858.01 O C. $686.41 OD. $24.00

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