Pybus, Inc. is considering issuing bonds that

will mature in 24 years with an annual coupon

rate of 7%. 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 AA bonds

is 8%. 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 a bonds is 9%. What will the price of

these bonds if they receive either an A or a AA

rating?