What is the change in price the bond

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A 6.50 percent coupon bond with 10 years left to maturity is priced to offer a 8.0 percent yield to maturity. It is believed 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? (Do not round immediate calculations and round the final answer to 2 decimal places)

Coupon Rate: 6.50%

Maturity: 10

Present YTM: 8.0%

Expected YTM in 1 Year: 7.0%

Calculate the Following:

Current Price:_____

Expected Price ini 1 Year: _____

Change in Price:_____

Reference no: EM132783596

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