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Question 24 (1 point) A firm issues 20-year bonds with an annual coupon rate of 4.8%. The credit spread for this firm's 20-year debt is
Question 24 (1 point) A firm issues 20-year bonds with an annual coupon rate of 4.8%. The credit spread for this firm's 20-year debt is 1.2% per year. New 20-year Treasury notes are being issued at par with an annual coupon rate of 4.6%. What should the price of the firm's outstanding 20-year bonds be if their face value is $1000? a $1000.86 $883.42 $975.98 $937.48 $981.23 provide answer using formulas please. 
A firm issues 20 -year bonds with an annual coupon rate of 4.8%. The credit spread for this firm's 20 -year debt is 1.2% per year. New 20-year Treasury notes are being issued at par with an annual coupon rate of 4.6%. What should the price of the firm's outstanding 20 -year bonds be if their face value is $1000 ? $1000.86 $883.42 $975.98 $937.48 $981.23
Question 24 (1 point) A firm issues 20-year bonds with an annual coupon rate of 4.8%. The credit spread for this firm's 20-year debt is 1.2% per year. New 20-year Treasury notes are being issued at par with an annual coupon rate of 4.6%. What should the price of the firm's outstanding 20-year bonds be if their face value is $1000? a $1000.86 $883.42 $975.98 $937.48 $981.23
provide answer using formulas please.
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Principles Of Managerial Finance
Authors: Chad J. Zutter, Scott Smart
16th Edition
0136945880, 978-0136945888
