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A corporate bond with a coupon rate of 8.0 percent has 12 years left to maturity it has had a credit rating of BBB and

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A corporate bond with a coupon rate of 8.0 percent has 12 years left to maturity it has had a credit rating of BBB and a yleid to maturity of 87 percent. The firm has recently gotten into some trouble and the rating agency is downgrading the bonds to BB. The new appropriate discount rate will be 10.0 percent. (Assume interest payments are semiannuat) What will be the change in the bond's price in dollars? (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your final answer to 2 decimal places.)

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