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a and b please round to nearest cent feel free to put entire answer and i can round myself as well Andrew Industries is contemplating

a and b please
round to nearest cent
feel free to put entire answer and i can round myself as well image text in transcribed
Andrew Industries is contemplating iswing a 30 -year bond with a coupon rate of 7.14\% (annual coupon paytnents) and a tace value of $1,000. Andrew believes it can get a rating of A hon bonds are curtertly 6.43%, and yieids on BBg-rated bonds are 6.82%. a. What is the price of the bond if Andrew lenduatries maintains the A rating for the bond issue? b. What will be the price of the bond it it is dewrigraded? a. What is the price of the bond if Andrew industries martans the A rasng for the bond lawe? If Andrew maintains the A rating for the bond iasue, the price of the bond is : (Round 10 the nearest cent)

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