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All the info is there! The yield to maturity for 10-year bonds is as follows for four different bond rating categories. Use AppendixB and for

image text in transcribedAll the info is there!

The yield to maturity for 10-year bonds is as follows for four different bond rating categories. Use AppendixB and for an approximate answer but calculate your final answer using the formula and financial calculator methods. The bonds of Falter Corporation were rated as Aaa and issued at par a few weeks ago. The bonds have just been downgraded to Aa2. Determine the new price of the bonds, assuming a 10-year maturity and semiannual interest payments. Note: Do not round intermediate calculations and round your answer to 2 decimal places

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