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A firm issues ten-year bonds with a coupon rate of 8.4%, paid semiannually. The credit spread for this firm's ten-year debt is 5.4%. New ten-year
A firm issues ten-year bonds with a coupon rate of 8.4%, paid semiannually. The credit spread for this firm's ten-year debt is 5.4%. New ten-year Treasury notes are being issued at par with a coupon rate of 4.1%. What should the price of the firm's outstanding ten-year bonds be per $1000 of face value? Group of answer choices $929.98 $1,066.03 $1,098.98 $1,119.02
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