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A 6 percent coupon bond with 12 years left to maturity is priced to offer a 6.5 percent yield to maturity. You believe that in

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A 6 percent coupon bond with 12 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 6.20 percent. What is the change in price the bond will experience in dollars? (Assume semi-annual interest payments and $1,000 par value.) Hint: Compute the current price, compute the price in one year, take the difference. $41.22 $23.35 $25.44 $50.37

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