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Problem 7 - 1 3 Bond Prices and Interest Rate Changes ( LG 7 - 5 ) A 6 . 1 5 percent coupon bond
Problem Bond Prices and Interest Rate Changes LG
A percent coupon bond with years left to maturity is priced to offer a percent yield to maturity. You believe that in one year the yield to maturity will be percent. Assuming semiannual interest payments, what is the change in price the bond will experience in dollars?
Note: Do not round intermediate calculations. Round your final answer to decimal places.
Change in bond price
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