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THIS ANSWER IS NOT $30.18 5. A 7.90 percent coupon bond with 13 years left to maturity is priced to offer a 8.6 percent yield

THIS ANSWER IS NOT $30.18

5. A 7.90 percent coupon bond with 13 years left to maturity is priced to offer a 8.6 percent yield to maturity. You believe that in one year, the yield to maturity will be 8.2 percent. What is the change in price the bond will experience in dollars? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

7. A corporate bond with a 7.350 percent coupon has ten years left to maturity. It has had a credit rating of BB and a yield to maturity of 9.4 percent. The firm has recently become more financially stable and the rating agency is upgrading the bonds to BBB. The new appropriate discount rate will be 8.3 percent.

What will be the change in the bonds price in dollars? (Assume interest payments are semiannual.) (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Change in bond price

$

What will be the change in the percentage terms? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Change in bond percent

%

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