Good evening from Buda, TX. I am in MBA615 doing my homework via Pearson MYLAB. I am working on the last problem of the night for Unit 3, Question #10 and am stuck. Please assist me and provide step-by-step instructs on arriving to the CORRECT ANSWER for PART A & PART B. This is what I have but the answer is incorrect (1120.17???). THANK YOU IN ADVANCE!

Do Homework - Unit 3 Homework - Google Chrome - X mathxl.com/Student/PlayerHomework.aspx?homeworkld=616008235&questionld=5&flushed=true&cld=6794448¢erwin=yes MBA615DLS1P2022 Managerial Finance Esther Marie Colvin 01/14/22 6:43 PM ? =Homework: Unit 3 Homework Question 10, P6-30 (similar to) HW Score: 90%, 18 of 20 points Part 1 of 2 O Points: 0 of 2 Save Andrew Industries is contemplating issuing a 30-year bond with a coupon rate of 9.92% (annual coupon payments) and a face value of $1,000. Andrew believes it can get a rating of A from Standard and Poor's. However, due to recent financial difficulties at the company, Standard and Poor's is warning that it may downgrade Andrew Industries bonds to BBB. Yields on A-rated long-term bonds are currently 9.42%, and yields on BBB-rated bonds are 9.82%. a. What is the price of the bond if Andrew maintains the A rating for the bond issue? b. What will the price of the bond be if it is downgraded? a. What is the price of the bond if Andrew maintains the A rating for the bond issue? The price of the bond maintaining the A rating is $ . (Round to the nearest cent.) Help me solve this View an example Get more help - Clear all Final check