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  • 09-12-2022
  • Business
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A 6 percent coupon bond, with 12 years left to maturity, is priced to offer a 6.5 percent yield to maturity. You believe that in one year, the yield to maturity will be 6.25 percent. What is the change in price of the bond, in dollars? Assume semi-annual interest payments and $1,000 par value.

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