What is change in price bond will experience in dollars

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Reference no: EM131989650

Need steps shown through the calculator, please help with both problems and explain steps.

1. What's the current yield of an 6% coupon corporate bond quoted at a price of 112.3?

2. A 6 percent coupon bond with 12 years left to maturity is priced to offer a 6.5 percent yield to maturity. If the yield to maturity falls to 6.25 percent. What is the change in price the bond will experience in dollars?

Reference no: EM131989650

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