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a corporate bond with a coupon rate of 6.7 percent has 13 years left to maturity. It has credit rating of BBB and a yield

a corporate bond with a coupon rate of 6.7 percent has 13 years left to maturity. It has credit rating of BBB and a yield to maturity of 7.4 percent. The firm has recently gotten into some trouble and the rating agency is downgrading the bonds to BB. The new appropriate discount rate is will be 8.7 percent. What is the change in the bonds price in dollars? What will be the change in percentage

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