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QUESTION
55 percent coupon bond with fifteen years left to maturity is priced to offer a 8.1 percent yield to maturity. You believe that in one year, the...
A 6.55 percent coupon bond with fifteen years left to maturity is priced to offer a 8.1 percent yield to maturity. You believe that in one year, the yield to maturity will be 7.0 percent. What is the change in price the bond will experience in dollars?
