A bond has a coupon rate of 8 percent, 7 years to maturity, semiannual interest payments, and a YTM of 7 percent. If interest rates suddenly rise by 2 percent, what will be the percentage change in the bond price? Use financial calculator.

A.) 10.67 percent B.) 9.56 percent C.) 10.16 percent D.) 9.87 percent E.) 10.02 percent