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The yield to maturity for 1 5 - year bonds is as follows for four different bond rating categories. Use Appendix B and Appendix D
The yield to maturity for 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.
Aaa
Aa
Aa
Aa
The bonds of Falter Corporation were rated as Aaa and issued at par a few weeks ago. The bonds have just been downgraded to Aa Determine the new price of the bonds, assuming a year maturity and semiannual interest payments.
Note: Do not round intermediate calculations and round your answer to decimal places.
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