Question: 4) A $1,000 face value coupon bond will pay 5 percent interest annually for 12 years. What is the percentage change in the price of

4) A $1,000 face value coupon bond will pay 5 percent interest annually for 12 years. What is the percentage change in the price of this bond if the market yield rises to 6 percent from the current level of 5.5 percent? A) -5.28 percent B) -4.26 percent C) -2.38 percent D) 1.13 percent E) 4.13 percent

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