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A firm issues 20-year bonds with a coupon rate of 4.1%, paid semiannually. The credit spread for this firm's 20-year debt is 12% New 20-year

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A firm issues 20-year bonds with a coupon rate of 4.1%, paid semiannually. The credit spread for this firm's 20-year debt is 12% New 20-year Treasury notes are being issued at par with a coupon rate of 5.5%. What should the price of the firm's outstanding 20-year bonds be if their face value is $1000? A. $715.81 OB. $1.002.13 OC. $48.00 OD. $57265

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