What is the price expressed as a percentage of the face


A? BBB-rated corporate bond has a yield to maturity of 12.9%. A U.S. treasury security has a yield to maturity of 11.1%. These yields are quoted as APRs with semiannual compounding. Both bonds pay? semi-annual coupons at a rate of 11.7% and have five years to maturity.    

a. What is the price? (expressed as a percentage of the face value) of the treasury bond?

b. What is the price? (expressed as a percentage of the face value) of the? BBB-rated corporate bond?

c. What is the credit spread on the BBB bonds?

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Financial Management: What is the price expressed as a percentage of the face
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