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Sexton An 8 percent coupon bond with 15 years to maturity is priced to offer a 9 percent yield to You believe that in five

Sexton An 8 percent coupon bond with 15 years to maturity is priced to offer a 9 percent yield to You believe that in five years, the yield to maturity will be 6.16 percent. What is the approximate change in price the bond will experience in dollars? Assume annual interest payments and a $1,000 par value.

198

215

176

164

150

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