please answer the whole question a-b

Andrew Indurties is contemplating issuing a 30 -year bond with a coupon rate of 7.11% (annual coupon payments) and a faco value of $1,000. Andrew belleves it can pet a rafing of A from Standard 8 Poorh. However, due to rocont frandal dificulies at the company. Standard 8 Poor's is warring that it may downgrade Androw industhios' bonds to BBa. Yields on A.rated, long term bonds are currently 6.49%, and yields on BBB-rated bonds are 6.77%. a. What is the price of the bond if Andrew Industries maintins the A rating for the bond issue? b. What will be the price of the bond it it in downgraded? a. What is the price of the bond if Andrew Industrins maintains the A rating for the bond issue? If Andrew maintains the A rating for the bond batue, the price of the bond is 3 (Round to the neurent cont)