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a firm issues 20-year bonds with an annual coupon rate of 4.8%. The credit spread for this firm's 20-year debt is 1.2% per year. New

a firm issues 20-year bonds with an annual coupon rate of 4.8%. The credit spread for this firm's 20-year debt is 1.2% per year. New 20-year treasury notes are being issued at par with an annual coupon rate of 4.6%. What should the price of the firm's outstanding 20-year bonds be if their face value is $1000?

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