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What is the change in price the bond will experience

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Reference no: EM131558337

A 8.10 percent coupon bond with 15 years left to maturity is priced to offer a 8.8 percent yield to maturity. You believe that in one year, the yield to maturity will be 8.4 percent. What is the change in price the bond will experience in dollars?

Reference no: EM131558337

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