McCurdy Co.'s Class Q bonds have a 12-year maturity, $1,000 par value, and a 10%...
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McCurdy Cos Class Q bonds have a year maturity, $ par value, and a coupon paid semiannually. each 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 annual coupon. Neither bond is callable. At what price should the annual payment bond sell?
Select the correct answer.
a $
b $
c $
d $
e $
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