An annual coupon bond has a current YTM of $4\mathrm{.}00\%$ and a Macaulay's Duration of $5\mathrm{.}0$ years. Using Modified Duration $($D$*=$ D$/(1+$ytm$)),$ by what approximate percentage would the bond change if market rates INCREASED to $5\mathrm{.}00\%$ from $3\mathrm{.}50\%?$

Question $24$ options:

$3\mathrm{.}75\%$

$-7\mathrm{.}21\%$

$-7\mathrm{.}80\%$

$-7\mathrm{.}50\%$