A bond has a duration of $6\mathrm{.}5$ years. Its current market price is $$1080.$ Interest rates in the market are $6\%$ today. It has been forecasted that interest rates will fall to $5\%$ over the next couple of weeks. How will this bond's price change in percentage terms?

This bond's price will rise by $3\mathrm{.}25$ percent

This bond's price will not change

This bond's price will rise by $6\mathrm{.}13$ percent

This bond's price will fall by $14\mathrm{.}02$ percent

This bond's price will fall by $1\mathrm{.}88$ percent