A 610 percent coupon bond with ten years left to maturity


A 6.10 percent coupon bond with ten years left to maturity is priced to offer a 7.2 percent yield to maturity. You believe that in one year, the yield to maturity will be 7.0 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.)

Solution Preview :

Prepared by a verified Expert
Business Management: A 610 percent coupon bond with ten years left to maturity
Reference No:- TGS02506928

Now Priced at $10 (50% Discount)

Recommended (96%)

Rated (4.8/5)