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Please answer Your frm has a credit rating of A. You notice that the credit spread foe five-year maturity A debt is 86 basis points

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Your frm has a credit rating of A. You notice that the credit spread foe five-year maturity A debt is 86 basis points (0.86%) Your firm's five-year debt has a coupon rate of 5.7% with semi-annual coupons. You see that new five-year Treasury notes are being issued at par with a coupon rate of 1.7%. What sheuld be the price of your cutstanding five-year bonds per $100 face value. The price of the bond is s (Round to the nearest cent)

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