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Your firm has a credit rating of A. You notice that the eredi spread for five-year maturity A debt is 87 basis points (0.87%). Your

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Your firm has a credit rating of A. You notice that the eredi spread for five-year maturity A debt is 87 basis points (0.87\%). Your firmis five-year has semi-annual coupons and a coupon rate of 6%. You see that new fre-year Government of Canada bonds are being issued with a YTM of 2%. What should the price of your oulstanding five-year bonds be? Assume a par value of $100. The price of your outstanding five-year bonds should be s (Round to the nearest cent) Your firm has a credit rating of A. You notice that the eredi spread for five-year maturity A debt is 87 basis points (0.87\%). Your firmis five-year has semi-annual coupons and a coupon rate of 6%. You see that new fre-year Government of Canada bonds are being issued with a YTM of 2%. What should the price of your oulstanding five-year bonds be? Assume a par value of $100. The price of your outstanding five-year bonds should be s (Round to the nearest cent)

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