Question: Question 26 (5 points) This is a BONUS QUESTION McCurdy Co.'s Class Q bonds have a 12-year maturity. $1,000 par value, and a 5.75% coupon
Question 26 (5 points) This is a BONUS QUESTION McCurdy Co.'s Class Q bonds have a 12-year maturity. $1,000 par value, and a 5.75% coupon paid semiannually (2.875% each 6 months), 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 pay a 5.75% coupon. Neither bond is callable. At what price should the annual payment bond sell? a) $1,043.28 b) $993.01 Oc) $1,017.83 d) $968.18 e) $943.98
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