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rating. If they receive an A rating, the yield to maturity on similar A bonds is 1 1 . 5 percent. What will be the

rating. If they receive an A rating, the yield to maturity on similar A bonds is

11.5

percent. What will be the price of these bonds if they receive either an

A

or a AA rating?

.

The price of the Pybus bonds if they receive a AA rating will be $

. (

Round to the nearest cent.

)

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