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Mango Inc. is going to issue a 2 5 - year bond with a coupon rate of 7 . 5 0 % ( with 6
Mango Inc. is going to issue a year bond with a coupon rate of with coupon payments per year and a face value of $ Mango Inc. believes it can be rated A by Standard and Poor's. However, because of recent financial difficulties at the company, Standard and Poor's is warning that it may downgrade Mango Inc. Industries bonds to BBB Yields on Arated, longterm bonds are currently quoted as an annual percentage rate APR and yields on BBBrated bonds are quoted as APR What is the change in the price of the bond if it is downgraded?Instructions: Round the result to two decimal places and do not put the symbol in the answer box. For example if you get a result of then write in the answer box below.
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