A 635 percent coupon bond with fifteen years left to, Financial Management

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A 635 percent coupon bond with fifteen years left to

A 6.35 percent coupon bond with fifteen years left to maturity is priced to offer a 7.7 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?

Change in bond price $

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