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) Pybus, Inc is considering issuing bonds that will mature in 17 years with an annual coupon rate of 7 percent.Their par value will be
) Pybus, Inc is considering issuing bonds that will mature in 17 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 bonds and, it does, yield to maturity on similar AA bonds is 7.5 percent. However, Pybus is not sure whether the new bonds will receive a AA rating a. The price of the Pybus bonds if they receive a AA rating will be? b. The price of the Pybus bonds if they receive an A rating will be
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