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A 6.60 percent coupon bond with 15 years left to maturity is priced to offer a 7.3 percent yield to maturity. You believe that in
A 6.60 percent coupon bond with 15 years left to maturity is priced to offer a 7.3 percent yield to maturity. You believe that in one year, the yield to maturity will be 6.9 percent. What is the change in price the bond will experience in dollars? |
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