A General Power bond with a face value of $1,000 carries a coupon rate of 8.7%, has 9 years to maturity, and sells with a yield-to-maturity of 7.7%. (Assume annual interest payments.)

A.	How much interest payments do bondholders get each year?

interest payments

$

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

Fiyat

$

C.	What happens to the bond price if the yield-to-maturity drops to 6.7%? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

The price will be

rise/fall

$