Question

A 7.10 percent coupon bond with 14 years left to maturity is priced to offer a yield to maturity of 7.9 percent. You believe that in one year, the yield to maturity will be 7.4 percent. What is the change in price the bond will experience in dollars? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Related Questions

Both Bond Sam and Bond Dave have 9 percent coupons, make semiannual payments, and are priced at par... 10. Bond prices and interest rate An 8 percent coupon bond with 15 years to maturity is priced to o... 15. Bond ratings and prices A corporate bond with an 8.5 percent coupon has 10 years left to maturit... A 7.10 percent coupon bond with 14 years left to maturity is priced to offer a 7.8 percent yield to...