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Business, 12.02.2021 01:50 deduran

McCurdy Co.'s Class Q bonds have a 12-year maturity, $1,000 par value, and a 9% coupon paid semiannually (4.5% 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 9% 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 9% coupon paid semiannu...
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