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part 1: A bond is selling for a $1,160 and has a coupon rate of 8% with 8 years to maturity. What is the bonds

part 1: A bond is selling for a $1,160 and has a coupon rate of 8% with 8 years to maturity. What is the bonds yield to maturity?

part 2: A company experiences a credit ratings downgrade from A to BBB. What effect would that have on:

a. The yield to maturity of the bond.

b. The price of the bond.

c. The size (amount) of coupon payments the company makes on the bond.

Thanks in advance!

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