Question: Please round to the nearest cent. Note, please make it easy to understand what the answer is, i.e., bold or highlight the actual answer. Thank
Please round to the nearest cent. Note, please make it easy to understand what the answer is, i.e., bold or highlight the actual answer. Thank you so much!

(Related to Checkpoint 9.3) (Bond valuation) Pybus, Inc. is considering issuing bonds that will mature in 18 years with an annual coupon rate of 6 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 similarAA bonds is 12 percent. However, Pybus is not sure whether the new bonds will receive aAA rating. If they receive an A rating, the yield to maturity on similarA bonds is 13 percent. What will be the price of these bonds if they receive either an A or a AA rating
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