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A bond with a 6% coupon and 12 years to maturity is priced to offer a 6.5% yield to maturity. You believe that a year
A bond with a 6% coupon and 12 years to maturity is priced to offer a 6.5% yield to maturity. You believe that a year from now the return will be 6.25%. How much is the change in price it will have in dollars? (Assume interest payment is semi-annual and par value is $1,000)
$53.48 $80.37 $25.00 $21.55
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