Hello, I need a detailed explanation.

There is a Government of Canada bond outstanding. It has a face value of $1,000,000. It has 50 years to maturity. The coupon rate is 6.3% and coupons are paid annually. Currently the yield to maturity on the bond is 7.6%. Suppose that tomorrow the yield to maturity decreases by 0.2%. The term structure (yield curve) is flat. What will be amount of the increase in the value of the bond? Your answer should be in dollars and it should be accurate to two decimal places. Answer: (22,200.88) You are going to purchase a Government of Ontario bond. The bond has a face value of $900,000. The bond has 14 years to maturity. The bond has a coupon rate of 8.9%. Coupons are paid semi-annually. The yield to maturity on the bond is 6.6%. How much will you have to pay for the bond? Your answer should be accurate to two decimal places. Answer: (1,087,274.10)