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Please help will only upvote if correct! Try to answer part A & B Andrew industries is contemplating issuing a 30 -year bond with a

Please help will only upvote if correct! Try to answer part A & B
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Andrew industries is contemplating issuing a 30 -year bond with a coupon rate of 7.17% (annual coupon payments) and a face value of 51,000 . Andrew believes it can get a rating of A ferm Standard currently 6.49%, and yields on BeB.rated bonds are 6.85%. a. What is the price of the bond it Andrew industries maintains the A rating for the bond issue? b. What will be the price of the bond if a is downgraded? a. What is the price of the bond if Andrew Industries maintains the A rating for the bond issue? If Andiew maintains the A rating for the bond issue, the price of the bond is \& (Round to the nearest cent.)

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