A 675 percent coupon bond with fifteen years left to, Finance Basics

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A 675 percent coupon bond with fifteen years left to

Question: A 6.75 percent coupon bond with fifteen years left to maturity is priced to offer a 8.5 percent yield to maturity. You believe that in one year, the yield to maturity will be 8.0 percent. What is the change in price the bond will experience in dollars? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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