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bond valuation I need help finding what PMT is? (Related to Checkpoint 0.3) (Bond valuation) Pybus, Inc. is considering issuing bonds that will mature in

bond valuation
I need help finding what PMT is?
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(Related to Checkpoint 0.3) (Bond valuation) Pybus, Inc. is considering issuing bonds that will mature in 21 years with an annual coupon rate of 7 percent. Their par value will be $1,000 and enrest will be paid semiannualy Pybus in hoping to get a AA rating on its bonds and it does the yield to maturity on similar AA bonds is 9 percent. However. Pybus is not sure whether the new bonds will receive a AA rating If they receive an Arating the yield to maturity on similar Abonde in 10 percent. What will be the price of these bonds they receive either or a rating? The price of the Prtius bonds if they receive a rating will be $ 212.76 Round to cart cent) The price of the youn bongo hay receive an A rating will be $(Round to the nearest.com)

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