Question: 10 points A $1,000 face value corporate bond with a 7.5 percent Coupon (paid semiannually has 10 years left to maturity. I had a credit

10 points A $1,000 face value corporate bond with a 7.5

10 points A $1,000 face value corporate bond with a 7.5 percent Coupon (paid semiannually has 10 years left to maturity. I had a credit rating of doom. The bonds were recently upgraded by the rating agency to AAA The new appropriate discount rate will be 6.4 percent. What will be the change in the band's in dollars? (absolute value, 2 decimal places) Type your answer... Previous Nu

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