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A bond has a par value of $1,000, a coupon rate of 6.01 percent (paid annually), and that matures in 10 years. Assume the market

A bond has a par value of $1,000, a coupon rate of 6.01 percent (paid annually), and that matures in 10 years. Assume the market interest rate on this bond is 11.61 percent and it decreases 19 basic points. Calculate the percentage change in the value of the bond.

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