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A 7.70 percent coupon bond within 15 years left to maturity is priced to offer a...

A 7.70 percent coupon bond within 15 years left to maturity is priced to offer a yield to maturity of 8.4 percent. you believe that in one year, the yield to maturity will be 8.0 percent. what is the change in price the bond will experience in dollars?
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Answer #1

Price of the bond = present value of coupon payments present value of face value PMT (1-(1/(1+rAn)))/r + (face value/(1+r)^n

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