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3.A 5.75 percent coupon bond with 10 years left to maturity is priced to offer a 6.5 percent yield to maturity. You believe that in

3.A 5.75 percent coupon bond with 10 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?

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