55. You own a bond that pays a 12% annualized SEMIANNUAL coupon rate and has 10 years to maturity. If the discount rate increases from 14% to 16% during the next two years of the bonds life, then what is the dollar increase (decrease) in value for the bond during the two year period?

a.	($69.42)
b.	($71.09)
c.	$69.42
d.	$71.09

ANS: B

------------------------------------

Please gives a step-by-step answer. Thanks!