Problem 16-8 (Algo) Effect of bond rating change [LO 16-2] The yield to maturity for 25-year bonds is as follows for four different bond rating categories. Use Appendix B and Appendix D for an approximate answer but calculate your final answer using the formula and financial calculator methods. 10.00% Aaa Aal 10.60% Aa2 Aa3 11.00% 11.40% The bonds of Falter Corporation were rated as Aaa and issued at par a few weeks ago. The bonds have just been downgraded to Aa2. Determine the new price of the bonds, assuming a 25-year maturity and semiannual interest payments. Note: Do not round intermediate calculations and round your answer to 2 decimal places. Price of the bonds I