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Abond has a duration of 7.5 years. Its current market price is $1,125, Interest rates in the market are 7% today. It has been forecasted

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Abond has a duration of 7.5 years. Its current market price is $1,125, Interest rates in the market are 7% today. It has been forecasted that interest rates will rise to 9% over the next couple of weeks. How will this bank's price change in percentage terms? This bond's price will rise by 2 percent This bond's price will fall by 2 percent. This bond's price will fall by 14.02 percent This bond's price will rise by 14.02 percent This bond's price will not change

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