Consider a(n) Five-year, 11 percent annual coupon bond with a face value of $1,000. The bond is trading at a rate of 8 percent. a. What is the price of the bond? b. If the rate of interest increases 1 percent, what will be the bond's new price? c. Using your answers to parts (a) and (b), what is the percentage change in the bond's price as a result of the 1 percent increase in interest rates? (Negative value should be indicated by a minus sign.) d. Repeat parts (b) and (c) assuming a 1 percent decrease in interest rates For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16)) Answer is complete but not entirely correct. 1,119.78 1,079.13 (3.63) 1,166.33 a. Price of the bond b. Bond's new price c. Percentage change d. Bond's new price % s 4.160% Percentage change Consider a(n) Five-year, 11 percent annual coupon bond with a face value of $1,000. The bond is trading at a rate of 8 percent. a. What is the price of the bond? b. If the rate of interest increases 1 percent, what will be the bond's new price? c. Using your answers to parts (a) and (b), what is the percentage change in the bond's price as a result of the 1 percent increase in interest rates? (Negative value should be indicated by a minus sign.) d. Repeat parts (b) and (c) assuming a 1 percent decrease in interest rates For all requirements, do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16)) Answer is complete but not entirely correct. 1,119.78 1,079.13 (3.63) 1,166.33 a. Price of the bond b. Bond's new price c. Percentage change d. Bond's new price % s 4.160% Percentage change