Question: Question 24 (1 point) A firm issues 20-year bonds with an annual coupon rate of 4.8%. The credit spread for this firm's 20-year debt is

Question 24 (1 point) A firm issues 20-year bonds with an annual coupon rate of 4.8%. The credit spread for this firm's 20-year debt is 1.2% per year. New 20-year Treasury notes are being issued at par with an annual coupon rate of 4.6%. What should the price of the firm's outstanding 20-year bonds be if their face value is $1000? a $1000.86 $883.42 $975.98 $937.48 $981.23

provide answer using formulas please. Question 24 (1 point) A firm issues 20-year bonds with an

A firm issues 20 -year bonds with an annual coupon rate of 4.8%. The credit spread for this firm's 20 -year debt is 1.2% per year. New 20-year Treasury notes are being issued at par with an annual coupon rate of 4.6%. What should the price of the firm's outstanding 20 -year bonds be if their face value is $1000 ? $1000.86 $883.42 $975.98 $937.48 $981.23

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