maturity for $5-$year $($annual$-$payment$)$ coupon corporate bonds of various ratings: $[$Please answer a$-$d$]$

a$.$ Assuming the bonds will be rated AA$,$ what will be the price of the bonds?

whole number.$)$

c$.$ What must be the rating of the bonds for them to sell at par?

d$.$ Suppose that when the bonds are issued, the price of each bond is $$959\mathrm{.}64.$ What is the likely rating of the bonds? Are they junk bonds?

a$.$ Assuming the bonds will be rated AA$,$ what will be the price of the bonds?

The price of the bonds will be $

$($Round to the nearest cent.$)$

Data table

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