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A $1,000 face value corporate bond with a 9.8 percent coupon (paid semiannually) has 5...

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A $1,000 face value corporate bond with a 9.8 percent coupon (paid semiannually) has 5 years left to maturity. It has had a credit rating of BBB and a yield to maturity of 8 percent. The firm recently became more financially stable and the rating agency is upgrading the bonds to A. The new appropriate discount rate will be 6 percent. What will be the change in the bond's price in dollars? Round your answers to zero decimal places

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