Question $1(1$ point$)$

Each bond had a par value of $$1,000$ and an $8\%$ yield to maturity on the purchase day immediately after the investor purchased them, interest rates fell, and each then had a new YTM of $7\%.$ What is the percentage change in price for each bond after the decline in interest rates? Fill in the following table:

Percentage

Price at $8\%$

Price at $7\%$

Change