How would the bond price calculated above change if Xpress-Oh published a profit warning today, stating that the full-year results would be a large loss instead of a healthy profit as expected? Explain verbally, clearly and in detail how this would affect the pertinent variables in your calculation in part b) above.

question b Four years ago Xpress-Oh issued a GBP250 million 10-year 5.25% semi-annual bond to help fund the original factory. The company achieved a rating of BBB- from Standard & Poors and the instrument has a YTM of 7%. Calculate the current bond price. current Bond Value = 228,861,456.1