Question: Saved Help Save &Exit Submit Check my work A General Power bond carries a coupon rate of 8.3%, has 9 years until maturity, and sells
Saved Help Save &Exit Submit Check my work A General Power bond carries a coupon rate of 8.3%, has 9 years until maturity, and sells at a yield to maturty of 7.3%. (Assume annual interest payments.) a. What interest payments do bondholders receive each year? Interest payments b. At what price does the bond sell? (Do not round intermediate calgelations. Round your answer to 2 decimal places.,) es c. what will happen to the bond price if the yield to maturity falls to 6.3%? (Do not round intermediate calculations Round your answer to 2 decimal places.) Price will 1 Next
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