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A General Power bond carries a coupon rate of 9 . 5 % , has 9 years until maturity, and sells at a yield to

A General Power bond carries a coupon rate of 9.5%, has 9 years until maturity, and sells at a yield to maturity of 8.5%.(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 7.5%?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
\table[[a. Interest payments,,],[b. Price,,],[c. Price will,,]]
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