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Suppose you are given the following bond quote information: Time to maturity: 15 years Coupon rate: 3.75% Yield to maturity: 4% Par value: $1,000 Assume

Suppose you are given the following bond quote information: Time to maturity: 15 years Coupon rate: 3.75% Yield to maturity: 4% Par value: $1,000 Assume semi-annual compounding, calculate the percentage change in price for the bond asusming the yield to maturity decreases by 50 basis points (new YTM = 3.5%) (Enter percentages as decimals and round to four decimals)

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