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Suppose that the credit rating of Klingsman is reviewed and upgraded to AA+ by Standard and Poors. The yield to maturity on AA+ bonds at

image text in transcribed Suppose that the credit rating of Klingsman is reviewed and upgraded to AA+ by Standard and Poors. The yield to maturity on AA+ bonds at the moment is 0.10% lower than the previous yield to maturity on Klingsman debt. What will the new price be?

Klingsman National Brand has bonds that are rated AA by Standard and Poor's. The yield to maturity on AA bonds at the moment is 6.87%. You are trying to value a Klingsman bond that has 10.00 years until maturity and pays a 8.25% coupon. The bond has a S1.000 face value. What is the current price of this Klingsman National bond

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