Question: Microsoft has issued a 15 -year bond, $1000 face value, paying semiannual coupons with a coupon rate of 10.1%. The yield to maturity on the

Microsoft has issued a 15 -year bond, $1000 face value, paying semiannual coupons with a coupon rate of 10.1%. The yield to maturity on the bonds is 7.1%. If interest rates suddenly FALL by 2%, what is the percentage price change of these bonds? NOTE: do not round intermediate calculations, and round your final answer to 2 decimal places. Percentage change in price of the Microsoft Bond is \%

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