yes BUSI 570 DEB 5-17FALL1 Homework: Week Four Homework Assignment: Chapters 6 and 9Save Score: 0 of 1 pt 7 of 18 (15 complete) HW Score: 72 22%, 130f 18 pts e P6-31 (similar to Help 263 HMK Ent rate of 5 6% annual payments The folo ng table surnmarizes the yield to maturity for five year annual pay coupon corporate bonds of various rati gs adle w.ch Rating YTM (%) 5.2 56BBB $43 a. Assuming the bonds will be rated AA, what will the price of the AA-rated bonds be? bHow much total principal amount of these bonds must HMK issue to raise$12 million today, assuming the fraction of a bond, assume all fractions are rounded to the nearest whole number) bonds are AA rated? (Because HMK cannot issue a dle c. What must the rating of the bonds be for them to sell at par? wch d. Suppose that when the bonds are issued, the price of each bond is $966 66. What is the lkely rating of the bonds? Are they junk bonds? swer Note: Assume annual compounding t ha a. Assuming the bonds will be rated AA, what will the price of the AA-rated bonds be? The price ofthe bonds will be s (Rand to the nearest cent) Enter your answer in the answer box and then click Check Answer 3 parts