Question
A 6.60 percent coupon bond with ten years left to maturity is priced to offer a 8.2 percent yield to maturity. You believe that in
A 6.60 percent coupon bond with ten years left to maturity is priced to offer a 8.2 percent yield to maturity. You believe that in one year, the yield to maturity will be 8.0 percent. What is the change in price the bond will experience in dollars?(Do not round intermediate calculations and round your finalanswer to 2 decimal places.)
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
14th edition
978-1305887725, 1305887727, 1305636619, 978-1305636613
