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9. Chapter MC, Section .05, Problem 033.Algo McCurdy Co.'s Class Q bonds have a 12-year maturity, $1,000 par value, and a 9% coupon paid semiannually
9. Chapter MC, Section .05, Problem 033.Algo McCurdy Co.'s Class Q bonds have a 12-year maturity, $1,000 par value, and a 9% coupon paid semiannually (4.5% each 6 months), and those bonds sell at their par value. McCurdy's Class P bonds have the same risk, maturity, and par value, but the p bonds pay a 9% annual coupon. Neither bond is callable. At what price should the annual payment bond sell? Select the correct answer. Oa. $985.82 Ob. $982.33 Oc. $996.29 Od. $989.31 Oe. $992.80
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