Andrew Industries is contemplating issuing a 30 year bond with a coupon rate of 7.00% (annual coupon payments) and a face value of $1,000. Andrew believes it can get a rating of Afrom Standard and Poor's. However, due to recent financial difficulties at the company, Standard and Poor's is warning that it may downgrade Andrew Industries bonds to BBB. Yields on A-rated long term bonds we currently 6.50%, and yields on 88-rated bonds are 6.90% a. What is the price of the bond Andrew maintains the Arating for the bond issue? b. What wil the price of the bond be if it is downgraded? a. What is the price of the bondir Andrew maintains the Arating for the bond issue? The price of the bond maintaining the A ratings (Round to the nearest cent