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A firm issues 20 year bonds with a coupon rate of 4.8% paid semi-annually. The credit spread for this firms 20-year debt is 1.2%. New
- A firm issues 20 year bonds with a coupon rate of 4.8% paid semi-annually. The credit spread for this firms 20-year debt is 1.2%. New 20-year Treasury notes are being issued at par with a coupon rate of 4.6%. What should the price of the firms outstanding 20-year bonds be if their face value is $1000
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