What is change in price bond will experience in dollars

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A 7.40 percent coupon bond with 12 years left to maturity is priced to offer a 8.1 percent yield to maturity. You believe that in one year, the yield maturity will be 7, 7 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.) Change in bond price exist.

Reference no: EM131573301

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