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The yield to maturity for 25 year bonds is as follows for four different bond rating categories. AAA MA 9.40% 9.60 A 10.00% 10.50 The

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The yield to maturity for 25 year bonds is as follows for four different bond rating categories. AAA MA 9.40% 9.60 A 10.00% 10.50 The bonds of Falter Corporation were rated as AA and issued at par a few weeks ago. The bonds have just been downgraded to A Determine the new price of the bonds, assuming a 25 year maturity and semiannual Interest payments. Assume the par value of the bonds is $1000. (Use a Financial calculator to arrive at the answers. Round the final answer to 2 decimal places.) Price of the bonds

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