A $1,000 face value coupon bond will pay 5 percent interest annually for 12 years. What is the percentage change in the price of this bond if the market yield rises to 6 percent from the current level of 5.5 percent?

A. -5.28 percent

B. -2.38 percent

C. -4.26 percent

D. 4.13 percent

E. 1.13 percent