Question
A 8.50 percent coupon bond with 15 years left to maturity is priced to offer a 9.2 percent yield to maturity. You believe that in
| A 8.50 percent coupon bond with 15 years left to maturity is priced to offer a 9.2 percent yield to maturity. You believe that in one year, the yield to maturity will be 8.8 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.) |
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The Budget Building Book For Nonprofits
Authors: Murray Dropkin, Jim Halpin, Bill La Touche
2nd Edition
0787996033, 978-0787996031
