Vinay Your firm has a credit rating of A. You notice that the credit spread for five-year maturity A debt is 82 basis points (0.82%). Your firm's five-year debt has an annual coupon rate of 5.9%. You see that new five-year Treasurynotes are being issued at par with an annual coupon rate of 1.9%. What should be the price of your outstanding five-year bonds? Assume $1,000 face value.Assuming a $1,000 face value, the price of the bond is $(Round to the nearest cent.)C...

Yield of bond is the required rate of the bond and that depends on the credit rate and risk involved…

firm has a cre rating A. You notice that the credit spread for five-year maturity debt is 82 basis points (0.82%). Yo otes are being issued at par with an annual coupon rate of 1.9%. What should be the price of your outstanding five-year bo ssuming a $1,000 face value, the price of the bond is $ (Round to the nearest cent.)