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A 6.05 percent coupon bond with 15 years left to maturity is priced to offer a yield to maturity of 71 percent. You believe that

A 6.05 percent coupon bond with 15 years left to maturity is priced to offer a yield to maturity of 71 percent. You believe that in one year, the yield to maturity will be 70 percent. What is the change in price the bond will experience in dollars? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Prey 6 of7 Next

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