A 7% coupon bond pays interest semiannually and has a duration of 12 (computed using semiannual compounding) and a maturity of 25 years. The bond sells for $1,100 and has a YTM of 6.2%. If the YTM is expected to increase by 50 basis points, by what percentage can the price of the bond be expected to change? \begin{tabular}{l} 5.65% \\ \hline5.82% \\ \hline 5.82% \\ 5.65% \end{tabular}