oints Problem 6-5 Bond Pricing (L01, 2) A General Power bond carries a coupon rate of 8.5%, has 9 years until maturity, and sells at a yleld to maturity of 7.5%. (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 of the yield to maturity falls to 6.5%? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) d. If the yleld to maturity falls to 6.5%, will the current yield be less, or more than the yield to maturity? Skipped eBook Hint Print References a b Interest payments Price Price will Current yield is C by than yold to maturity d