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Business, 18.11.2019 19:31 PastelHibiscus

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?

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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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