Pybus Inc. is considering issuing bonds that will mature in 25 years with an annual coupon rate of 8% Their par value will be $1000 and the interest will be
paid semiannually. Pybus is hoping to get a AA rating on its bonds and if it does the yield to maturity on similar AA bonds is 9.5%. However Pybus is not
sure whether the new bonds will recieve a AA rating. If they receive an A rating the yield to maturity on similar A bonds is 10.5%. What will be the price of
the bond if it receives and AA rating? An A rating? (Show would as well as answers)