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MeCurdy Co.'s Class Q bonds have a 12-year maturity, $1,000 par value, and a 5.56 coupon paid semiannually (2.75% each 6 months), and those bonds
MeCurdy Co.'s Class Q bonds have a 12-year maturity, \$1,000 par value, and a 5.56 coupon paid semiannually (2.75\% 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 5.5% annual coupon. Neither bond is callable. At what price should the annual payment bond sell? Select the correct answer, a. 1993,14 b. 197454 C. 3983.84 d. 1979.19 e. 1988,49
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