Question a 7 percent coupon bond from parker inc with 9, Ask an Expert

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Question: A 7 percent coupon bond (from Parker Inc.) with 9 years left to maturity is priced to offer a 6.5 percent yield to maturity. You believe that in one year the current yield will be 7 percent. What is the change in price the bond will experience in dollars? Assume yearly payments and face value of $1,000.

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