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A Metallico bond carries a coupon rate of 8%, payable semi-annually, has 9 years until maturity, and sells at a yield to maturity of 9%.
A Metallico bond carries a coupon rate of 8%, payable semi-annually, has 9 years until maturity, and sells at a yield to maturity of 9%. a. What interest payments do bondholders recelve each year? (Round your answer to the nearest whole dollar.) per year b. At what price does the bond sell? (Round your answer to 2 decimal places.) c. What will happen to the bond price if the yleld to maturity falls to 7% ? (Round your answer to 2 decimal places.)
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