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Your company ( rated A 3 ) just issued new debt with 8 years to maturity this morning. In the middle of the day, ACQUIRER
Your company rated A just issued new debt with years to maturity this morning. In the middle of the day, ACQUIRER CORP rated Baa announced a takeover offer for your company. Market participants thought the deal would go through and existing bonds issued by your company would get rerated to Baa
The coupon rate of your company's newest bond issue was set at but yields on similar maturity corporate bonds with an Baa rating are currently at
Assuming the new bond will make semiannual coupon payments, what price will the bond likely trade at after the downgrade? Enter your answer with at least decimal places. Do not include a negative sign. Assume face amount
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