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(Related to Checkpoint 9.3) (Bond valuation) Pybus, Inc is considering issuing bonds that will mature in 20 years with an annual coupon rate of 8

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(Related to Checkpoint 9.3) (Bond valuation) Pybus, Inc is considering issuing bonds that will mature in 20 years with an annual coupon rate of 8 percent. Their par value wa be 51,000 , and the bonds will receive a AA rabing. If they receive an A rating. the yeld to maturity on similar A bonds is B5 percent. What will be the price of these bonds if they receive ether an A or a A A rating? a. The price of the Pytus bonds if they receive a AA rating will bes (Round to the nearest cent)

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