Your firm has a credit rating of A$.$ You notice that the credit spread for$$ five$-$year maturity A debt is $9090$ basis points left parenthesis $0\mathrm{.}90\%$ right parenthesis$(0\mathrm{.}90\%).$ Your$$ firm's five$-$year debt has a coupon rate of $6\mathrm{.}1\%6\mathrm{.}1\%$ with$$ semi$-$annual coupons. You see that new$$ five$-$year Treasury notes are being issued at par with a coupon rate of $1\mathrm{.}7\%1\mathrm{.}7\%.$ What should be the price of your outstanding$$ five$-$year bonds per $ $100$$$100$ face value.

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Part $1$

The price of the bond is $$$enter your response here.