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A 6.80 percent coupon bond with 14 years left to maturity is priced to offer a 7.5 percent yield to maturity. You believe that in
A 6.80 percent coupon bond with 14 years left to maturity is priced to offer a 7.5 percent yield to maturity. You believe that in one year, the yield to maturity will be 7.1 percent. What is the change in price the bond will experience in dollars? |
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