Bond Prices and Interest Rate Changes A 5.75 percent coupon bond with ten years left to maturity
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Bond Prices and Interest Rate Changes A 5.75 percent coupon bond with ten years left to maturity is priced to offer a 6.5 percent yield to maturity. You believe that in one year, the yield to maturity will be 6.0 percent. What is the change in price the bond will experience in dollars? (LG5)
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Related Book For 
Finance Applications And Theory
ISBN: 9780073530673
2nd Edition
Authors: Marcia Cornett, Troy Adair, John Nofsinger
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