Given the following yields for bonds with different credit ratings: Credit Rating Yield AAA 3% AA 32% A 3.5% BBB 38% BB 4.5% B 5.25% a. What would be the fair price of a 5-year maturity bond, which currently has identical risk to a bond rated 'A', if it has a coupon rate of 12% paid annually, and a par value of $1,000? b. What would be the price of the same bond 3 years from today if the bond is expected to be downgraded to 'BBB' at the end of the 3rd year