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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 5

Your firm has a credit rating of A. You notice that the credit spread for five-year maturity A debt is 85 basis points (0.85%). Your firms five-year debt has semi-annual coupons and a coupon rate of 6%. You see that new five-year Government of Canada bonds are being issued with a YTM of 2.0%. What should the price of your outstanding five-year bonds be?

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