A General Power bond carries a coupon rate of 9.7%, has 9 years until maturity, and sells at a yield to maturity of 8.7%. (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 7.7%? (Do not round intermediate calculations. Round your answer to 2 decimal places.) d. If the yield to maturity falls to 7.7%, will the current yield be less, or more, than the yield to maturity? 97 b. C. d. Interest payments Price Price will Current yield is by than yield to maturity