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Suppose you have invested in the corporate bond of Sution Corporation Inc (C with the following details . Face Value $1,000. Coupon rate 63% .

Suppose you have invested in the corporate bond of Sution Corporation Inc (C with the following details . Face Value $1,000. Coupon rate 63% . Coupon frequency Half-yearly. Credit Rating AA . Years to matunty 15 years . Yield to Maturity 7.2%. Due to certain issues, the company has recently gotten into trouble repaying its commercial loan, and the issuer rating agency Moody's has downgraded Suzion's bonds rating to BBB. The new appropriate discount rate will be 8.5 per cent. Due to these sudden changes in bond rating if you plan to sell the bond immediately at a new price, what will be your profit/ loss in dollars and percentage terms?

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