Question: Problem 7 - 2 5 Bond Prices and Interest Rate Changes ( LG 7 - 5 ) A 6 . 0 5 percent coupon bond
Problem Bond Prices and Interest Rate Changes LGA percent coupon bond with fifteen years left to maturity
is priced to offer a percent yield to maturity. You believe
that in one year, the yield to maturity will be percent. What
is the change in price the bond will experience in
dollars?Do not round intermediate calculations.
Round your final answer to decimal places.
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