Question: If Boeing issues a 10 year, $1000 face value bond with a 5% coupon rate, if the YTM=3%, the bond pays the coupon semi-annually. What

If Boeing issues a 10 year, $1000 face value bond with a 5% coupon rate, if the YTM=3%, the bond pays the coupon semi-annually. What is the price of Boeing bond is S&P downgrading Boeing rating to BB, and the yield spread between BBB and BB bond is 1%. What is the duration of the bond? How much money do Boeing bond investors lose?

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