A General Power bond carries a coupon rate of 8.3%, has 9 years until maturity, and sells at a yield to maturity of 7.3%. (Assume annual interest payments.)

What interest payments do bondholders receive each year?

At what price does the bond sell?( Do not round intermediate calculations. Round your answer to 2 decimal places.)

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.)