Question: Add a File Record Audio Record Video Question 23 (8 points) Problem 6 (8 Marks) You have the following information on a corporate bond: Par

Add a File Record Audio Record Video Question 23 (8 points) Problem 6 (8 Marks) You have the following information on a corporate bond: Par value = $1,000 Coupon rate = 8% Payment period = Semiannually Maturity = 15 years Yield to maturity = 8.5% Call price (5 years after issuance) = $1,080 a. If the market yield decreases by 1.5%, by how much will the bond price change? (2 Marks)

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