Solved: What is change in price bond will experience in dollars, Financial Accounting

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What is change in price bond will experience in dollars

Response to the following problem:

A 8.30 percent coupon bond with 13 years left to maturity is priced to offer a 9.0 percent yield to maturity. You believe that in one year, the yield to maturity will be 8.6 percent. What is the change in price the bond will experience in dollars?

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Financial Accounting: What is change in price bond will experience in dollars

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Financial Accounting: What is change in price bond will experience in dollars

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