What should the price of the firm outstanding

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Question - A firm issues five-year bonds with a coupon rate of 6.6%, paid semiannually. The credit spread for this firm's five-year debt is 0.8%. New five-year Treasury notes are being issued at par with a coupon rate of 3.7%. What should the price of the firm's outstanding five-year bonds be per $100 of face value?

Reference no: EM133158586

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