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Need help understanding and intuition behind this problem and how to solve: EXERCISE #4: A 5-year 4% Arated corporate bonds yield to maturity is 6%.

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Need help understanding and intuition behind this problem and how to solve:

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EXERCISE #4: A 5-year 4% Arated corporate bonds yield to maturity is 6%. [Assume annual or semiannual.] Quoted Price = .............................. The bond gets downgraded to 33-. It's yield is likely to be ........................ than 4% and lowerlhigher ..................... than 6%, and the price is likely to be than lower/higher less/greater QPrice

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