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6.67 points QUESTION 11 A 35,000 face value corporate bond with 11.50 percent goupon (and semiannually has 15 years of maturity It has had credit

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6.67 points QUESTION 11 A 35,000 face value corporate bond with 11.50 percent goupon (and semiannually has 15 years of maturity It has had credit rating and a yeld to maturity of 755 percent. The firm has recently got into some trouble find the rating agency is downgrading the bonds to. The new propriate discount rate will be 75 percent What will be the change in the band's price in percentage terms? 0.622 O 15 0 -12.00 0.104 O 10.00

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