Question: Microsoft has issued a 15-year bond, $1000 face value, paying semiannual coupons with a coupon rate of 9.5%. The yield to maturity on the

Microsoft has issued a 15-year bond, $1000 face value, paying semiannual coupons with a coupon rate of 9.5%. The yield to maturity on the bonds is 6.5%. 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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