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our firm has a credit rating of A . You notice that the credit spread for five - year maturity A debt is 8 1

our firm has a credit rating of A. You notice that the credit spread for five-year maturity A debt is 81 basis points .81%). Your firm's five-year has semi-annual coupons and a coupon rate of 8%. You see that new five-year Sovernment of Canada bonds are being issued with a YTM of 2%. What should the price of your outstanding ve-year bonds be? Assume a par value of $100.
The price of your outstanding five-year bonds should be $ (Round to the nearest cent.)
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