Question: You find a bond with 19 years until maturity that has a coupon rate of 8 percent and a yield to maturity of 7 percent.

 You find a bond with 19 years until maturity that has

You find a bond with 19 years until maturity that has a coupon rate of 8 percent and a yield to maturity of 7 percent. Suppose the yield to maturity on the bond increases by .25 percent. What is the new price of the bond using duration? (Do not round intermediate calculations. Round your answers to 2 decimal places. Omit the "$" sign in your response.) Estimated price Actual price What is the new price of the bond if the yield to maturity increases by 1 percent? (Do not round intermediate calculations. Round your answers to 2 decimal places. Omit the "$" sign in your response.) Estimated price Actual price What is the new price of the bond if the yield to maturity increases by 2 percent? (Do not round intermediate calculations. Round your answers to 2 decimal places. Omit the "$" sign in your response.) Estimated price $ Actual price $ What is the new price of the bond if the yield to maturity increases by 5 percent? (Do not round intermediate calculations. Round your answers to 2 decimal places. Omit the "$" sign in your response.) Estimated price $ Actual price $

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