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A 6.5% semi-annual coupon bond with 17 years left to maturity is priced to offer a 7.2% YTM. In one year you think interest rates
A 6.5% semi-annual coupon bond with 17 years left to maturity is priced to offer a 7.2% YTM. In one year you think interest rates will be different. In particular, you think this bond will offer a 8% YTM one year from now. Give the dollar change in price the bond will experience.
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