A $1,000 face value corporate bond with a 5% coupon (paid semiannually) has 25 years left to maturity. It has had a credit rating of BB and a yield to maturity of 5.5%. The firm recently became more financially stable and the rating agency is upgrading the bonds to BBB. The new appropriate discount rate will be 4.75%. What will be the change in the bond's price in percentage terms? Edit View Insert Format Tools Table