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1 1 . Two years ago, you purchased a bond with a 6 % semiannual coupon with a market rate of 8 % that matures

11 .

Two years ago, you purchased a bond with a

6 %

semiannual coupon with a market rate of

8 %

that matures in

20

years. Today, the market rate has decreased to

6.5 % .

What is the percentage change in bond value from two years ago to today?

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