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  3. a general power bond carries a coupon rate of 9.5%

A General Power bond carries a coupon rate of 9.5%, has 9 years until maturity,...

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Accounting

A General Power bond carries a coupon rate of 9.5%, has 9 years until maturity, and sells at a yield to maturity of 8.5%.(Assume annual interest payments.)
a. What interest payments do bondholders receive each year?
b. At what price does the bond sell?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
c. What will happen to the bond price if the yield to maturity falls to 7.5%?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
\table[[a. Interest payments,$,95],[b. Price,,],[c. Price will,rise,]]
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