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fiom Standard 8 Poor's. However, due to recent financial diffoulties at the company, Standard 8 Poor's is waming that it may downgrade Andrew industeies' bende

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fiom Standard 8 Poor's. However, due to recent financial diffoulties at the company, Standard 8 Poor's is waming that it may downgrade Andrew industeies' bende ia liak. Yelas on Aruled, long-term bonds are currently 6.46\%, and yieids on B88-raled bonds are 6.74%. a. What is the price of the bond it Andrew industrins maintains the A rating for the bond issue? b. What wit be the price of the bond if it is dewngraded? a. What is the price of the bond if Andrew industries maintains the A rating for the band issue? If Andrew maintains the A rating for the bond issue, the price of the bond is $ (Round to the nearest cent.)

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