Question: Problem 6-5 Bond Pricing (LO1, 2) A General Power bond carries a coupon rate of 8,7%, has 9 years until maturity, and sells at a

Problem 6-5 Bond Pricing (LO1, 2) A General Power bond carries a coupon rate of 8,7%, has 9 years until maturity, and sells at a yield to maturity of 77%. (Assume annual interest payments) 2. 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 if the yield to maturity falls to 67%? (Do not round intermediate calculations. Round your answer to 2 decimal places.) d. If the yield to maturity fails to 67%, will the current yield be less, or more than the yield to maturty? b Interest payments Price Price will Current yield is Ic d by than yield to maturity

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