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The 10-year Treasury Note has a coupon rate of 2.4% and is priced at 101.5% of par. A 10-year, BBB-rated corporate bond has a coupon
The 10-year Treasury Note has a coupon rate of 2.4% and is priced at 101.5% of par. A 10-year, BBB-rated corporate bond has a coupon of 4.3%. If the credit spread for BBB-rated bonds is 75 basis points, what is the price of the corporate bond? Assume coupons are paid semi- annually
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