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A 20 year Treasury bond with a par value of $1000 was issued 3 years ago with a 5% APR coupon paid semiannually. If the

A 20 year Treasury bond with a par value of $1000 was issued 3 years ago with a 5% APR coupon paid semiannually. If the yield on similar bonds increases from 8% to 9%, what is the change in the value of the bond? (Answer indollars to two decimals without a $ sign).

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