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Company A ' s Class Q bonds have a 1 3 - year maturity,$ 1 , 0 0 0 par value, and a 1 0

Company A's Class Q bonds have a 13-year maturity,$1,000 par value, and a 10.25% coupon paid semiannually (5.125% each 6 months), and those bonds sell at their par value. Company A's Class P bonds have the same risk, maturity, and par value, but the P bonds pay a 10.25% annual coupon. Neither bond is callable. At what price should the annual payment bond sell?

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