Problem 6-5 Bond Pricing (LO1, 2) A General Power bond carries a coupon rate of 9.7%, has 9 years until maturity, and sells at a yield to maturity of 8.7%. (Assume annual Interest payments.) a. What interest payments do bondholders recelve each year? $ 97 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 7.7%? (Do not round intermediate calculations. Round your answer to 2 decimal places.) will d, if the yield to maturity falls to 7.7%, will the current yield be less, or more, than the yield to O More O Less