emplating he purchase of a large portion of the assets of Netflix (Disney nsaction, Disney would pay $50 bilion of cash to Netflix tomorrow and would would be primarily buying Netflix's and would movie and tolovision production businesses). If Disney raise that cash tomorrow by taking on new debt of $50 billion on new dibi of 85lint You are an investment advisor and you know that one of your large clients owns a Disney bond. Your cient asks you to estimate how Disney's purchase of the Netflix assets would likely affect the value of Disney bonds. You know that your client owns a Disney bond that has a 4.50% annual coupon rate, has 10 years to maturity, and has a face value of $1,000. This bond's yield to maturity is 4% and is credit rating is A. If Disney does the transaction (and issues the new debt), the credit rating agencies estimato that the Disney bond rating will change to BBB and the spread on the Disney bond will widen by 100 basis points. Calculate the change in the value of the Disney bond if the transaction is undertaken