Show what the value of the 10-year senior unsecured straight bond that makes semi-annual payments and sells for its par value/principal amount of $1000 would be if the yield to maturity fell by 1% (due to a decline in yields on 10-year T-bonds and/or a reduction in the companys default risk).

TY=1.88

TIPS=0.13

Par Value=$1,000

t=10 years (semiannual payments)

Coupon Rate=13.27%