D. Calculate the bond price. (4 marks)

E. Is the Bond Classified as investment grade or non-investment grade? Explain. (3 marks)

F. If the bond of Golden Corp. bond is revised to BB by S&P, what change would you expect to have on the yield to maturity and the bond price? Explain. (4 marks)

Use the following information for parts D to F.- Golden Corp. has issued a bond. The bond pays $45 coupon per year. The time to maturity of the bond is 3 years. The face value of this bond is $1,000. The yield to maturity of the bond is 6%. The credit rating of the bond is BBB by S&P