Andrew Industries is contenplating issuing a 30 -year bond with a coupon nato of 7.00% (annual coupon paymenta) and a tace value of 51,000 Aridrew beleves it can get a raing of A from Standard 8. Poor's. However, fue to receet financial diffculties at the compeny, Standard 3 Poor's is warning that it may downgrade Andrew industhes' bonds to BB8. Yelds on A-raled, long term bends are currenty 6.50%, and yields on Be8-raled bonds are 6.90% a. What is the price of the bond it Andrew industies maintains the A rating for the bond iasue? b. What witl be the price of the bond if a is downgraded? a. What is the price of the bond if Andrew induatres maineains the A rating for the bend iasue? If Andiew maintains the A tating for the bond issue, the price of the bond is I (Plound bo the rearest cent) b. Whar wit be the price of the bond ir it is downgraded? It in dowograded, the new bonde price will bet (Round to the nearent cent) Andrew Industries is contenplating issuing a 30 -year bond with a coupon nato of 7.00% (annual coupon paymenta) and a tace value of 51,000 Aridrew beleves it can get a raing of A from Standard 8. Poor's. However, fue to receet financial diffculties at the compeny, Standard 3 Poor's is warning that it may downgrade Andrew industhes' bonds to BB8. Yelds on A-raled, long term bends are currenty 6.50%, and yields on Be8-raled bonds are 6.90% a. What is the price of the bond it Andrew industies maintains the A rating for the bond iasue? b. What witl be the price of the bond if a is downgraded? a. What is the price of the bond if Andrew induatres maineains the A rating for the bend iasue? If Andiew maintains the A tating for the bond issue, the price of the bond is I (Plound bo the rearest cent) b. Whar wit be the price of the bond ir it is downgraded? It in dowograded, the new bonde price will bet (Round to the nearent cent)