Question: Please show how to solve in simplest way with work, if needed excel is acceptable: What is the impact on the price of a 4-year

Please show how to solve in simplest way with work, if needed excel is acceptable:

What is the impact on the price of a 4-year bond ($1,000 par) with an 8% coupon when yield-to-maturity immediately changes from 10% to 9% ? Assume annual coupons. a.) price increase of $7 b.) Price Increase of $39 c.) Price increase of 16$ d.) Price increase of $31 e.) Price increase of $26

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