Question: A 6% coupon bond pays interest semi-annually, has modified duration of 10, sells for $800, and is priced at a yield to maturity (YTM) of

A 6% coupon bond pays interest semi-annually, has modified duration of 10, sells for $800, and is priced at a yield to maturity (YTM) of 8%. If the YTM increased to 9%, what is the new predicted price of this bond?

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