(Bond valuation)???Pybus, Inc. is considering issuing bonds that will mature in 21 years with an annual coupon...

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(Bond valuation)???Pybus, Inc. isconsidering issuing bonds that will mature in 21 years with anannual coupon rate of 8 percent. Their par value will be ?$1,000?,and the interest will be paid semiannually. Pybus is hoping to geta AA rating on its bonds? and, if it? does, the yield to maturityon similar AA bonds is 8.5 percent. ?However, Pybus is not surewhether the new bonds will receive a AA rating. If they receive anA? rating, the yield to maturity on similar A bonds is 9.5 percent.What will be the price of these bonds if they receive either an Aor a AA? rating?
a. The price of the Pybus bonds if they receivea AA rating will be
? (Round to the nearest? cent.)
b. The price of the Pybus bonds if they receivean A rating will be
? (Round to the nearest? cent.)

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(Bond valuation)???Pybus, Inc. isconsidering issuing bonds that will mature in 21 years with anannual coupon rate of 8 percent. Their par value will be ?$1,000?,and the interest will be paid semiannually. Pybus is hoping to geta AA rating on its bonds? and, if it? does, the yield to maturityon similar AA bonds is 8.5 percent. ?However, Pybus is not surewhether the new bonds will receive a AA rating. If they receive anA? rating, the yield to maturity on similar A bonds is 9.5 percent.What will be the price of these bonds if they receive either an Aor a AA? rating?a. The price of the Pybus bonds if they receivea AA rating will be? (Round to the nearest? cent.)b. The price of the Pybus bonds if they receivean A rating will be? (Round to the nearest? cent.)