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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 81 basis points ( 0

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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 81 basis points ( 0 : 81% ) Your femis five-year has semi-annual coupons and a coupon rate of 4% You see that new five year Government of Canada bonds are being issued with a VTM of 3%. What should the price of your outstanding five-year bonds be Assume a par value of $100 The price of yout outstanding five-year bonds should be (Round to the nearest cent)

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