If you think that interest rates will change to 62 how much


You are holding a bond with a price of $206,000, a duration of 10 and a yield to maturity of 9.5%. If you think that interest rates will change to 6.2%, how much would you estimate the bond price to change in dollars? (please round to the nearest dollar)

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Financial Management: If you think that interest rates will change to 62 how much
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