Business, 27.11.2019 00:31 sky724

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% annual coupon. neither bond is callable.

at what price should the annual payment bond sell? a. $943.98b. $968.18c. $1,043.28d. $1,017.83e. $993.01

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Mccurdy co.'s class q bonds have a 12-year maturity, $1,000 par value, and a 5.75% coupon paid semia...

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