What will be the price of these bonds if they receive


(Bond valuation) Pybus, Inc. is considering issuing bonds that will mature in 2020 years with an annual coupon rate of 66 percent. Their par value will be ?$1 comma 0001,000?, 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 1212 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 1313 percent. What will be the price of these bonds if they receive either an A or a AA? rating?

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Financial Management: What will be the price of these bonds if they receive
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