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Pybus, inc. is considering issuing bonds that will mature in 1 7 years with an annual coupon rate of 1 1 percent. their par value

Pybus, inc. is considering issuing bonds that will mature in 17 years with an annual coupon rate of 11 percent. their par value will be $1000, 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 A bonds is 10.5 percent. what will be the price of these bonds if they recieve either an A or a AA rating?

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