Your firm has a credit rating of A$.$ You notice that the credit spread for$$ five$-$year maturity A debt is $87$ basis points $.$ Your$$ firm's five$-$year debt has a coupon rate of $5\mathrm{.}9\%$ with$$ semi$-$annual coupons. You see that new$$ five$-$year Treasury notes are being issued at par with a coupon rate of $2\mathrm{.}3\%$ What should be the price of your outstanding$$ five$-$year bonds per $100$ face value.

Question content area bottom

Part $1$

The price of the bond is $$$

$$

enter your response here. $($Round to the nearest$$ cent.$)$