Question: You bought a 7-year bond with $100 face value at a price of $101.5 with a coupon rate of 3.00% paid annually. After 2 years,

You bought a 7-year bond with $100 face value at a price of $101.5 with a coupon rate of 3.00% paid annually. After 2 years, (5 years left in maturity) you decide to sell it and you find that the new yield to maturity is 4.00% APR. What is the percentage change in the bond's price? 0 -7.39% O 6.23% 0 -1.89% -5.86%

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