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a and b please a. What is the price of the bend 1 Andrew industries maintains the Arating for the boed lasue? b. What will
a and b please
a. What is the price of the bend 1 Andrew industries maintains the Arating for the boed lasue? b. What will be the price of the bond if it is doangrodeo? 1. What is the price of the bond t Andrew Industries maintains the A rating bor De bond issue? If Androw mantains the A rating tor the bond iasue, the price of the bond is: (Round to the narest cent? Andrew industries is conterglating issung a 30 -year bond with a coupon rate of 7.11% (annual coupon payenents) and a face value of $1,000. Andrew belewes it can get a rating of A from bonda ate curtenty 5.42%, and yelds on BB8-rated bonds ace 6.78% a. What is the price of the bond it Andrew indusvies maintains the A rating for the bond isave? b. What wil be the price of the bond if il is downgraded? a. What is the price of the bond if Andrew lndusyles maintains the A rabing for the bond issue? If Andrew mantains the A ruing for the bond wsue, the price of the bond is 1 (Round to the rearest cent.) Step by Step Solution
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