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Enter answers as a formula A 6 50 percent coupon bond with ten years left to maturity is priced to offer a 8 0 percent

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A 6 50 percent coupon bond with ten years left to maturity is priced to offer a 8 0 percent yield to maturity. You believe that in one year, the yield to maturity will be 7 0 percent. What is the change in price the bond will experience in dollars? (Do not round intermediate calculations and round your final answer to 2 decimal places) Complete the following analysis. Do not hard code values in your calculations. Current price Expected price in 1 year Change in price

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