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Your firm has a credit rating of AAA. You notice that the credit spread for 10-year maturity debt is 60 basis points(0.60%). Your firms ten-year

Your firm has a credit rating of AAA. You notice that the credit spread for 10-year maturity debt is 60 basis points(0.60%). Your firms ten-year debt has a coupon rate of 4%. You see that new 10-year Treasury notes are being issued at par with a couponrate of 3.65%. What should the price of your outstanding 10-year bonds be?

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