(Bond valuation)???Pybus, Inc. is considering issuing bonds that will mature in 15 years with an annual...

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(Bond valuation)???Pybus, Inc. is considering issuing bonds thatwill mature in 15 years with an annual coupon rate of 7 percent.Their par value will be ?$1000?, and the interest will be paidsemiannually. Pybus is hoping to get a AA rating on its bonds? and,if it? does, the yield to maturity on similar AA bonds is 7.5percent. ? However, Pybus is not sure whether the new bonds willreceive a AA rating. If they receive an A? rating, the yield tomaturity on similar A bonds is 8.5 percent. What will be the priceof these bonds if they receive either an A or a AA? rating? a. Theprice of the Pybus bonds if they receive a AA rating will be ?$

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(Bond valuation)???Pybus, Inc. is considering issuing bonds thatwill mature in 15 years with an annual coupon rate of 7 percent.Their par value will be ?$1000?, and the interest will be paidsemiannually. Pybus is hoping to get a AA rating on its bonds? and,if it? does, the yield to maturity on similar AA bonds is 7.5percent. ? However, Pybus is not sure whether the new bonds willreceive a AA rating. If they receive an A? rating, the yield tomaturity on similar A bonds is 8.5 percent. What will be the priceof these bonds if they receive either an A or a AA? rating? a. Theprice of the Pybus bonds if they receive a AA rating will be ?$