Hello can you please provide assistance with the below problems?

1. Pybus, Inc. is considering issuing bonds that will mature in 16 years with an annual coupon rate of

7 percent. Their par value will be $1,000, and the interest will be paid semiannually. Pybus is hoping to get a AA rating on its bondsand, if itdoes, the yield to maturity on similar AA bonds is 12 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 A bonds is 13 percent.

What will be the price of these bonds if they receive either an A or a AArating?

a.A rating? Round to the nearest cent

b.AA rating? Round to the nearest cent

1. Calculate the value of a bond that matures in 13 years and has a $1,000 par value. The annual coupon interest rate is 12 percent and themarket's required yield to maturity on acomparable-risk bond is 11 percent.

The value of the bond is $???(Round to the nearestcent.)