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write down please 8. A 13-year, 6 percent coupon bond pays interest semi-annually. The bond has a face value of $1,000. What is the percentage

write down please

8. A 13-year, 6 percent coupon bond pays interest semi-annually. The bond has a face value of $1,000. What is the percentage change in the price of this bond if the market yield to maturity rises to 5.7 percent from the current rate of 5.5 percent? (Hint: calculate bond prices with 5.5 percent and 5.7 percent, then compute the percentage change in two prices.I

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