Chapter 7 Connect Problems Saved Help Save & Exit Submit Check my work 29 A corporate bond with a 7.000 percent coupon has 15 years left to maturity. It has had a credit rating of BB and a yield to maturity of 8.7 percent. The firm has recently become more financially stable and the rating agency is upgrading the bonds to BBB. The new appropriate discount rate will be 7.6 percent. (Assume interest payments are semiannual.) points What will be the change in the bond's price in dollars? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) eBook Change in bond price Ask Print References What will be the change in the percentage terms? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Change in bond percent