A $5,000 bond with a coupon rate of 5.5% paid semiannually has ten years to maturity and a yield to maturity of 7.7%. If interest rates rise and the yield to maturity increases to 8%, what will happen to the price of the bond?

A. The price of the bond will fall by $ 60.99.

B. The price of the bond will rise by $60.99.

C. The price of the bond will fall by $73.18.

D. The price of the bond will not change.