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UTK Company has a credit rating of AA , and its 6 % coupon bond has 5 years remaining until maturity. If AA bonds have
UTK Company has a credit rating of AA and its coupon bond has years
remaining until maturity. If AA bonds have a credit spread of over Treasuries
and the relevant Treasury yield is what is a fair price for the bonds? Assume
coupons are paid semiannually and express your answer as a percentage of par
rounded to four decimal places. That is if the answer is of par value",
enter
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