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sorry theyre losing resolution after i post them www.ON WS HALA www WA When www.ng WONO www.bodo Want with get Andrew Industries is contemplating issuing

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www.ON WS HALA www WA When www.ng WONO www.bodo Want with get Andrew Industries is contemplating issuing a 30-year bond with a coupon rate of 7.13% (annual coupon payments) and a face company, Standard & Poor's is warning that it may downgrade Andrew Industries' bonds to BBB. Yields on A-rated, long-term bo a. What is the price of the bond if Andrew Industries maintains the A rating for the bond issue? b. What will be the price of the bond if it is downgraded? a. What is the price of the bond if Andrew Industries maintains the A rating for the bond issue? If Andrew maintains the A rating for the bond issue, the price of the bond is $ (Round to the nearest cent) b. What will be the price of the bond if it is downgraded? If it is downgraded the new bond's price will be $. (Round to the nearest cent.) ts) and a face value of $1000. Andrew believes it can get a rating of A from Standard & Poor's. However due to recent financial difficulties at the med long-term bonds are currently 6.58%, and yields on BBB-rated bonds are 6.81%

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