Help, please. The yield to maturity for 20 -year...
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Accounting
Help, please.
The yield to maturity for 20 -year bonds is as follows for four different bond rating categories. The bonds of Falter Corporation were rated as A and issued at par a few weeks ago. The bonds have just been downgraded to 88B. Determine the new price of the bonds, assuming a 20 -year maturity and semlannual interest payments. Assume the par value of the bonds is $1,000. (Use a Financial calculator to arrive ot the answers. Round the final answer to 2 decimal places.) Price of the bonds
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