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A firm issues ten - year bonds with a coupon rate of 6.7%, paid semiannually. The credit spread for this firm's ten-year debt is 0.8%.

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A firm issues ten - year bonds with a coupon rate of 6.7%, paid semiannually. The credit spread for this firm's ten-year debt is 0.8%. New ten-year Treasury notes are being issued at par with a coupon rate of 3.4%. What should the price of the firm's outstanding ten - year bonds be per $100 of face value? A. $168.34 B. $96.19 C. $144.29 D. $120.24

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