Andrew Industries is contemplating issuing a 30 -year bond with a coupon rate of 7.09% (annual coupon payments) and a face value of Question list $1,000. Andrew believes it can get a rating of A from Standard \& Poor's. However, due to recent financial difficulties at the company, Standard \& Poor's is warning that it may downgrade Andrew Industries' bonds to BBB. Yields on A-rated, long-term bonds are currently 6.42%, and yields on BBB-rated bonds are 6.71%. a. What is the price of the bond if Andrew Industries maintains the A rating for the bond issue? Question 1 b. What will be the price of the bond if it is downgraded? Question 2 a. What is the price of the bond if Andrew Industries maintains the A rating for the bond issue? If Andrew maintains the A rating for the bond issue, the price of the bond is $ (Round to the nearest cent.) Question 3 Question 4 Question 5