Andrew Industries is contemplating issuing a 30-year bond with a coupon rate of 5.58% (annual coupon payments) and a face value of $1,000. Andrew believes it can get a rating of A from 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 are currently 5.08%, and yields on BBB-rated bonds are 548% What is the price of the bond if Andrew maintains the A rating for the bond issue? b. What will the price of the bond be if it is downgraded? What is the price of the bond Andrew maintains the Arating for the bond issue? The price of the bond maintaining the Arating is $. (Round to the nearest cont.)