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Crystalboo92 Crystalboo92
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4 years ago
A firm issues 20-year bonds with a coupon rate of 4.8%, paid semiannually. The credit spread for this firm's 20-year debt is 1.2%. New 20-year Treasury notes are being issued at par with a coupon rate of 4.6%. What should the price of the firm's outstanding 20-year bonds be if their face value is $1000?

▸ $882.53

▸ $975.98

▸ $1000.86

▸ $977.48
Textbook 
Fundamentals of Corporate Finance

Fundamentals of Corporate Finance


Edition: 2nd
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yesimshayyesimshay
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