Question: Saved Help Save & Exit Submit Check my work Problem 7-26 Bond prices and Interest Rate Changes (LG7-5) A 8.40 percent coupon bond with 14

Saved Help Save & Exit Submit Check my work Problem 7-26 Bond prices and Interest Rate Changes (LG7-5) A 8.40 percent coupon bond with 14 years left to maturity is priced to offer a yield to maturity of 91 percent. You believe that in one year, the yield to maturity will be 8.7 percent. What is the change in price the bond will experience in dollars? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Change in bond price & 3 5 TAI C D T

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