Question: and yields on BBB-rated bonds are 6.71%. a. What is the price of the bond if Andrew Industries maintains the A rating for the bond

and yields on BBB-rated bonds are 6.71%. a. What is the price of the bond if Andrew Industries maintains the A rating for the bond issue? b. What will be the price of the bond if it is downgraded? a. What is the price of the bond if Andrew Industries maintains the A rating for the bond issue? If Andrew maintains the A rating for the bond issue, the price of the bond is $ (Round to the nearest cent.) To determine the price of the bond, use the following formula: P=yCPN(1(1+y)n1)+(1+y)nFV and yields on BBB-rated bonds are 6.71%. a. What is the price of the bond if Andrew Industries maintains the A rating for the bond issue? b. What will be the price of the bond if it is downgraded? a. What is the price of the bond if Andrew Industries maintains the A rating for the bond issue? If Andrew maintains the A rating for the bond issue, the price of the bond is $ (Round to the nearest cent.) To determine the price of the bond, use the following formula: P=yCPN(1(1+y)n1)+(1+y)nFV

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