A firm issues tenyear bonds with a coupon rate of 6.3%, paid semiannually. The credit spread for this firm's tenyear debt is 0.8%. New tenyear Treasury notes are being issued at par with a coupon rate of 3.1%. What should the price of the firm's outstanding tenyear bonds be per $100 of face value?

A.

$142.56

B.

$166.33

C.

$95.04

D.

$118.8