Question: please do it on a financial calculator Bond Pricing. A General Power bond carries a coupon rate of 8%, has 9 years until maturity, and

please do it on a financial calculator

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.) (L06-1 and LO6-2) a. What interest payments do bondholders receive each year? b. At 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

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