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Henderson's credit rating is BBB , and its outstanding 8 % coupon bond have 7 years remaining until maturity. What is a fair price for

Henderson's credit rating is BBB, and its outstanding 8% coupon bond have 7 years remaining until maturity. What is a fair price for these bonds if the credit spread for BBB bonds over Treasuries is 5.3%, and the yield on comparable Treasuries is 2.8%? Use a par value of $1,000 and assume semi-annual coupon payments. Enter your answer as a positive number rounded to the nearest penny.

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