Andrew Industries is contemplating suing a 30-year bond with a coupon rate of 7,11% (annual coupon payments) and a face value of $1.000. Andrew beleves it can get a rating of A from Shantard & Poor's owever, al foul company Standard & Poor's is warming that it may downgrade Andrew indatres bonds to 000 Vields o Avaled, long-tem bonds are cumenty 54%, and yes on 080-d bonds are 6.82% What le t abond if Andrew industries maintains the Arating for the bond issue? What will be the price of the bond if it is downgrade? What is the price of the bond Andrew indues maintains the A rating for the bond issue? Andrew maintains the A rating for the bond issue, the price of the bond is (Round to the nearest cent) b. What will be the price of the bond if downgraded if it is downgraded the new bond's price will be sound to the nearest cent)