Question: https://www.chegg.com/homework-help/Fundamentals-of-Corporate-Finance-9th-edition-chapter-6-problem-5QP-solution-9781259722615 Bond Pricing: A general power bond carries a coupon rate of 8%, has 9 years until maturity, and sells at a yield to maturity

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Bond Pricing: A general power bond carries a coupon rate of 8%, has 9 years until maturity, and sells at a yield to maturity of 7% (assume annual interest payments.) a. What interest payments do bondholders receive each year? b. A what price does the bond sell? c. What will happen to the bond price if the yield to maturity falls to 6%? d. If the yield to maturity falls to 6%, will the current yield be less, or more , than the yield to maturity? Answer posted is wrong on chegg studys, please help.

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