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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 fiveyear maturity A debt is basis points Your firm's fiveyear has semiannual coupons and a coupon rate of You see that new fiveyear Sovernment of Canada bonds are being issued with a YTM of What should the price of your outstanding veyear bonds be Assume a par value of $
The price of your outstanding fiveyear bonds should be $ Round to the nearest cent.
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