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A 6.90 percent coupon bond with 15 years left to maturity is
A 6.90 percent coupon bond with 15 years left to maturity is priced to offer a 7.6 percent yield to maturity. You believe that in one year, the yield to maturity will be 7.2 percent. What is the change in price the bond will experience in dollars? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
This question was answered on: Feb 21, 2020
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