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Homework: 7-1 MyFinanceLab Assignment Save Score: 0 of 4 pts 4 of 12 (4 complete) HW Score: 29.11%, 14.56 of 50 pts P9-6 (similar to)
Homework: 7-1 MyFinanceLab Assignment Save Score: 0 of 4 pts 4 of 12 (4 complete) HW Score: 29.11%, 14.56 of 50 pts P9-6 (similar to) Question Help (Related to Checkpoint 9.3) (Bond valuation) Pybus, Inc. is considering issuing bonds that will mature in 15 years with an annual coupon rate of 6 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 bonds and if it does, the yield to maturity on similar AA bonds is 8 percent. However, Pybus is not sure whether the new bonds will receive a AA rating. If they receive an A rating, the yield to maturity on similar Abonds is 9 percent. What will be the price of these bonds if they receive either an Aor a AA rating? a. The price of the Pybus bonds if they receive a AA rating will be $1(Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer. part remaining Clear All Check Answer H Type here to search o 7:13 PM 10/10/2020
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