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A company issues a ten-year $1,000 face value bond at par with a coupon rate of 5% paid semiannually. The YTM at the beginning of

A company issues a ten-year $1,000 face value bond at par with a coupon rate of 5% paid semiannually. The YTM at the beginning of the third year of the bond (8 years left to maturity) is 7%. What was the percentage change in the price of the bond over the past two years?

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-6.28%

21.20%

13.58%

-12.09%

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