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URGENT! A firm issues ten-year bonds with a coupon rate of 7%, paid semiannually. The crodit spread for this firm's ton-year debt is 0.8%. New
URGENT!
A firm issues ten-year bonds with a coupon rate of 7\%, paid semiannually. The crodit spread for this firm's ton-year debt is 0.8%. New ten-year Treasury notes are being issued at par with a coupon rate of 4%. What should the price of the firm's outstanding ten-year bonds be per $100 of face value? A. $164,24 B. $140.77 C. $117.31 D. $93.85 Step by Step Solution
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