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7 - 1 3 Bond Prices and Interest Rate Changes A 5 . 7 5 percent coupon bond with 1 0 years left to maturity

7-13 Bond Prices and Interest Rate Changes 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 5.8 percent. What is the change in price the bond will experience in dollars? ( LG7-5)
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