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A three-year, semiannual-pay bond with a 100parvalueanda5100 par value and a 5% coupon rate is purchased for 100parvalueanda5108. One year later, if the yield to maturity has decreased by 100 basis points, the change in the bond's value is closest to:
A
$0.57.
B
$1.52.
C
$3.08.
