need both parts

Androw Industries is conteriplating issuing a 30 -year bond wath a coupon rate of 7.15% (annual coupon payments) and a face value of $1,000. Andrew belkeves it can get a rating of A from Standitd \& Poor's. However, dun to recont financial difticultios at the company, Standard \& Poor's is warning that it may downgrade Andiew Inttustries' boods io' BBB Yields on A-rated, long-term bonds are currently 657%, and yields on BBB-rated bonds are 6 . 33%. a. What is the price of the bonid if Andrew Industries maintains the A rating for the bond issue? b. What will be the price of the bond if it is downgradod? a. What is the price of the bond if Andrew Industries maintains the A rating for the bond issue? If Andrew inaintains the A rating for the bond issue, the price of the bond is 1 (Round to the neiarest cent)