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A General Power bond carries a coupon rate of 8.8%, has 9 years until maturity, and sells at a yield to maturity of 78%. (Assume

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A General Power bond carries a coupon rate of 8.8%, has 9 years until maturity, and sells at a yield to maturity of 78%. (Assume annual interest payments.) a. What interest payments do bondholders receive each year? b. At what price does the bond sell? (Do not round intermediate calculations. Round your answer to 2 decimal places.) c. What will happen to the bond price if the yield to maturity falls to 6.8%? (Do not round intermediate calculations. Round your answer to 2 decimal places.) d. If the yield to maturity falls to 6.8%, will the current yield be less, or more than the yield to maturity? b $ Interest payments Price Price will Current yield is 88 1,062.99 by than ylold to maturity d

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