A 7 percent coupon bond with 8 years left to maturity is


A 7 percent coupon bond with 8 years left to maturity is priced to offer a 7.75 percent yield to maturity. You believe that in one year the yield to maturity will be 7.4 percent. What is the change in price the bond will experience in Dollars?

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Financial Management: A 7 percent coupon bond with 8 years left to maturity is
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