Question: ABE Coro 's $1.000 face value coupon bond will pay 5.5 percent interest annually for 12 years. what is the percentage change n the price

ABE Coro 's $1.000 face value coupon bond will pay 5.5 percent interest annually for 12 years. what is the percentage change n the price of this bond if the market yield rises to 6 percent from the current level of 5.5 percent?

A. -4.19 percent B. -4.33 percent C. 4.38 percent D. -4.42 percent E. -2.49 percent

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