(Related to Checkpoint 9,3) (Bond valuation) Pybus, Inc. is considering issuing bonds that will mature in 23 years with an annual coupon rate of 11 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, if it does, the yield to matunity on similar AA bonds is 11.5 percent. 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 Abonds is 12 5 percent What will be the price of these bonds if they receive either an A or a AA rating? a. The price of the Pybus bonds if they receive a AA rating will be so (Round to the nearest cent) (Related to Checkpoint 9.2) (Yield to maturity) The market price is $900 for a year bond (51.000 par value) that pays 12 percent annual interest, but makes interest payments on a semiannual basis (6 percent semiannually) What is the bond's yield to maturity? The bond's yield to maturity is % (Round to two decimal places)