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A firm issues ten-year bonds with a coupon rate of 6%, paid semiannually. The credit spread for this firmis ten-year debt is 0.8%. New ten-year

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A firm issues ten-year bonds with a coupon rate of 6%, paid semiannually. The credit spread for this firmis ten-year debt is 0.8%. New ten-year Treasury notes are being issued at par with a coupon rate of 3.8%. What should the price of the firm's outstanding ten-year bonds be per $100 of face value? A. 5133.35 B. $155.57 C. $88.90 D. $111.12

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