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A firm issues ten-year bonds with a coupon rate of 7.2%, paid semiannually. The credit spread for this firm's ten-year debt is 2.8%. New ten-year

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A firm issues ten-year bonds with a coupon rate of 7.2%, paid semiannually. The credit spread for this firm's ten-year debt is 2.8%. New ten-year Treasury notes are being issued at par with a coupon rate of 3.5%. What should the price of the firm's outstanding ten- year bonds be per $1000 of face value? $1,119.02 $1,066.03 $929.98 $1,098.98

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