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A. Generol Power bond carries a coupon rate of 8.9%, has 9 years until maturity, and sells at a yeld to maturity of 7.9%. (Assume

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A. Generol Power bond carries a coupon rate of 8.9%, has 9 years until maturity, and sells at a yeld to maturity of 7.9%. (Assume annual interest payments] a. What interest payments do bondhoiders receive each year? b. At what price does the bond soll? 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 folls to 6.9% ? Note: Do not round intermediate calculations. Round your answer to 2 decimal places

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