A 645 percent coupon bond with fifteen years left to, Financial Management

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A 645 percent coupon bond with fifteen years left to

A 6.45 percent coupon bond with fifteen years left to maturity is priced to offer a 7.9 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?

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