You believe that in one year the yield to maturity will be


A 7.30 percent coupon bond with 16 years left to maturity is priced to offer a 8.0 percent yield to maturity. You believe that in one year, the yield to maturity will be 7.6 percent. What is the change in price the bond will experience in dollars?

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Finance Basics: You believe that in one year the yield to maturity will be
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