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A firm issues -year bonds with a coupon rate of %, paid semiannually. The credit spread for this firm's -year debt is 1.2%. New -year

A firm issues -year bonds with a coupon rate of %, paid semiannually. The credit spread for this firm's -year debt is 1.2%. New -year Treasury notes are being issued at par with a coupon rate of %. What should the price of the firm's outstanding -year bonds be if their face value is $1000? A.4.80 B.1368.81 C.782.18 D. 977.72

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