Check my work The yield to maturity for 10-year bonds is as follows for four different bond rating categories. AAA AA 9.60% 10.00 A 11.00% BBB 11.60 The bonds of Falter Corporation were rated as AA and issued at par a few weeks ago. The bonds have just been downgraded to A. Determine the new price of the bonds, assuming a 10-year maturity and semiannual interest payments. Assume the par value of the bonds is $1,000. (Use a Financial calculator to arrive at the answers. Round the final answer to 2 decimal places.) Price of the bonds $ < Prev 3 of 3 Next > ENG B X W < US XD 11:12 PM 2024-04-02