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A firm issues ten-year bonds with a coupon rate of 7.8%, paid semiannually. The credit spread for this firm's ten-year debt is 2.4%. New ten-year

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A firm issues ten-year bonds with a coupon rate of 7.8%, paid semiannually. The credit spread for this firm's ten-year debt is 2.4%. New ten-year Treasury notes are being issued at par with a coupon rate of 3.1%. What should the price of the firm's outstanding ten-year bonds be per $1000 of face value? O $1175 O $1547 $1184 $1364

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