Question 24 of 27 1/2 = Suppose the bond were to mature in 12 years. What will be the bond's price if rates in the market (1) decrease to 8.70 percent or (ii) increase to 11.7 percent? (Round answers to 2 decimal places, ep. 15.25) ( Bond's price it rate decrease to 8.70 percent $ (1) Bond's price if rate increase to 11.7 percent $ e Textbook and Media Attempts of 3 used Submit Answer Save for Later Using multiple attempts will impact your score. 50% score reduction after attempt 2 Question Part Score --/05 1/2, E View Policies Show Attempt History Current Attempt in Progress The Carla Vista Department of Transportation has issued 25-year bonds that make semiannual coupon payments at a rate of 9.975 percent. The current market rate for similar securities is 10.7 percent. Assume that the face value of the bond is $1.000 Excel Template (Note: This template includes the problem statement as it appears in your textbook. The problem assigned to you here may have different values. When using this template, copy the problem statement from this screen for easy reference to the values you've been given here, and be sure to update any values that may have been pre-entered in the template based on the textbook version of the problem.) > (a) * Your answer is incorrect