A General Power bond carries a coupon rate of $9\mathrm{.}6\%,$ has $9$ years until maturity, and sells at a yield to maturity of $8\mathrm{.}6\%.($Assume annual interest payments.$)$

a$.$ What interest payments do bondholders receive each year?

b$.$ At what price does the bond sell?

Note: 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 $7\mathrm{.}6\%?$

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.

Answer is complete but not entirely correct.

$\backslash$table$[[$a$.$ Interest payments,$$,96,,,],[$b$.$ Price,$$,1,060\mathrm{.}94,.,,],[$c$.$ Price will,rise,$0,$by$,$$$,6\mathrm{.}23x$