Question: please fully work out the formulas or show the steps to use a financial calculator. I need the most simply way possible to solve this.

please fully work out the formulas or show the steps to use a financial calculator. I need the most simply way possible to solve this. Thank you!

Problem 7-39 Bond Ratings and Prices (LG7-7) A corporate bond with a coupon rate of 8.2 percent has 14 years left to maturity. It has had a credit rating of BBB and a yield to maturity of 8.9 percent. The firm has recently gotten into some trouble and the rating agency is downgrading the bonds to BB. The new appropriate discount rate will be 10.2 percent. (Assume interest payments are semiannual.) What will be the change in the bond's price in dollars? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your final answer to 2 decimal places.) Change in bond price What will be the change in the percentage? (Negative answer should be indicated by a minus sign. Do not round intermediate calculations. Round your final answer to 2 decimal places.) Change in bond percent

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