A corporate bond with a 6.0 percent coupon has 10 years left to maturity. It has had a credit rating of A and a yield to maturity of 8 percent. The firm has recently gotten into some trouble and the rating agency is downgrading the bonds to BBB. The new appropriate discount rate will be 7 percent. What will be the change in the bond's price in dollars? Assume interest payments are paid annually and par value is $1,000. Hint: Estimate the first price, estimate the second price, and take the difference. 58.70 $12.10 $13.13 515.34