Question: please show work! thank you! 22. McCurdy Co.'s Class Q bonds have a 12-year maturity, $1,000 par value, a coupon rate of 5.75%, and interest

please show work! thank you! please show work! thank you! 22. McCurdy Co.'s Class Q bonds have

22. McCurdy Co.'s Class Q bonds have a 12-year maturity, $1,000 par value, a coupon rate of 5.75%, and interest is paid semiannually, and those bonds sell at their par value. McCurdy's Class P bonds have the same risk, maturity, and par value, but the P bonds have a coupon rate of 5.75%, and interest is paid annually. Neither bond is callable. At what price should the annual payment bond sell? a. $943.98 b. $968.18 c. $993.01 d. $1,017.83 e. $1,043.28

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