(Related to Checkpoint 9.3) (Bond valuation) 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 $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 maturity on similar AA bonds is 8 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 A bonds is 9 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 $(Round to the nearest cent.) b. The price of the Pybus bonds if they receive an A rating will be $ (Round to the nearest cent.) (Related to Checkpoint 9.2) (Yield to maturity) Hoyden Co.'s bonds mature in 13 years and pay 6 percent interest annually. If you purchase the bonds for $750, what is their yield to maturity? The yield to maturity on the Hoyden bonds is %. (Round to two decimal places.) (Related to Checkpoint 9.2) (Yield to maturity) Abner Corporation's bonds mature in 22 years and pay 15 percent interest annually. If you purchase the bonds for $775, what is your yield to maturity? Your yield to maturity on the Abner bonds is %. (Round to two decimal places.)