A $6\mathrm{.}50$ percent coupon bond with ten years left to maturity is priced to offer a $8\mathrm{.}0$ percent yield to maturity. You believe that in one year, the yield to maturity will be $7\mathrm{.}0$ percent. What is the change in price the bond will experience in dollars? $($Do not round intermediate calculations and round your final answer to $2$ decimal places.$)$

Complete the following analysis. Do not hard code values in your calculations.

Current price

Expected price in $1$ year

Change in price