9. Chapter MC, Section .05, Problem 033.Algo 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? Select the correct answer. a. $985.82 b. $982.33 c. $996.29 d. $989.31 e. $992.80