A firm issues two -year bonds with a coupon rate of 6.9 %, paid semiannually. The credit spread for this firm's two -year debt is 0.8%. New two -year Treasury notes are being issued at par with a coupon rate of 3.9 %. What should the price of the firm's outstanding two -year bonds be per $100 of face value?
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Home » Business » A firm issues two -year bonds with a coupon rate of 6.9 %, paid semiannually. The credit spread for this firm's two -year debt is 0.8%. New two -year Treasury notes are being issued at par with a coupon rate of 3.9 %.