Question: You bought a 14-year bond with $100 face value at a price of $101 with a coupon rate of 7.00% paid quarterly. After 2 years,

You bought a 14-year bond with $100 face value at a price of $101 with a coupon rate of 7.00% paid quarterly. After 2 years, (12 years left in maturity) you decide to sell it and you find that the new yield to maturity is 5.00% APR. What is the percentage change in the bond's price? 16.80% - 14.38% 0.90% 18.86%

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