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Your firm has a credit rating of A . You notice that the credit spread for five - year maturity a debt is 8 9
Your firm has a credit rating of A You notice that the credit spread for fiveyear maturity a debt is basis points left parenthesis right parenthesis Your firms fiveyear has semiannual coupons and a coupon rate of You see that new fiveyear Government of Canada bonds are being issued with a YTM of What should the price of your outstanding fiveyear bonds be Assume a par value of $
The price of your outstanding fiveyear bonds should be $
round your answer to the nearest cent.
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