Business
Business, 01.10.2019 00:30, hannamcbrayer1

Ageneral power bond carries a coupon rate of 8.3%, has 9 years until maturity, and sells at a yield to maturity of 7.3%. (assume annual interest payments.) a. what interest payments do bondholders receive each year? b. at what price does the bond sell? (do not round intermediate calculations. round your answer to 2 decimal places.) c. what will happen to the bond price if the yield to maturity falls to 6.3%? (do not round intermediate calculations. round your answer to 2 decimal places.) d. if the yield to maturity falls to 6.3%, will the current yield be less, or more, than the yield to maturity?

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