Help Save & Exit Submit Check my work Problem 16-8 Effect of bond rating change [LO 16-2] The yield to maturity for 20-year bonds is as follows for four different bond rating categories. Use Appendix Band Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods. Aaa Aal Aa2 9.40% 9.60% 10.00% 11.40% s The bonds of Falter Corporation were rated as Aaa and issued at par a few weeks ago. The bonds have just been downgraded to Aa2. Determine the new price of the bonds, assuming a 20-year maturity and semiannual interest payments. (Do not round intermediate calculations and round your answer to 2 decimal places.) Price of the bonds W/extMedia/bne/finance/block_17e/Block 17e_AppB.p