14.A 7%, $1,000 par value bond with 14-years to maturity has a yield to maturity of 6% and duration of 7 years. If the market yield increases by 44 basis points, how much change will there be in the bonds price?

Select one:

a. 1.85%

b. -2.91%

c. -2.65%

d. 3.27%

e. -4.44%