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Afirm issues 5-year bonds with a coupon rate of 4.3%. paid semiannually. The credit spread for this firm's 5-year debt is 1.2%. New 5-year Treasury
Afirm issues 5-year bonds with a coupon rate of 4.3%. paid semiannually. The credit spread for this firm's 5-year debt is 1.2%. New 5-year Treasury notes are being issued at par with a coupon rate of 4,9%. What should the price of the firm's outstanding 5-year bonds be if their face value is $10007 O A $12.00 OB. $738.74 C. $1.292.79 OD. $923.42
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
