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  3. the yield to maturity for 25 -year bonds is as fol

The yield to maturity for 25 -year bonds is as follows for four different bond...

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Accounting

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The yield to maturity for 25 -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 BBB. Determine the new price of the bonds, assuming a 25 -year maturity and semiannual interest payments. Assume the par value of the bonds is $1,000. (Use o Financial calculator to orrive ot the onswers. Round the final onswer to 2 decimal places.) Price of the bonds

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