Bianca Products has a fifteen$-$year annual coupon bond outstanding with a $$1,000$ par value and a coupon rate of $6\mathrm{.}0$ percent. The bond has a yield to maturity of $5\mathrm{.}5$ percent. Which one of the following statements is correct if the market yield $(=$ yield to maturity$)$ suddenly decreases to $5\mathrm{.}2$ percent?

Group of answer choices

The bond price will increase by $3\mathrm{.}02$ percent.

The bond price will decrease by $3\mathrm{.}02$ percent.

The bond price will increase by $1\mathrm{.}62$ percent.

The bond price will decrease by $1\mathrm{.}62$ percent.

The bond price will decrease by $0\mathrm{.}30$ percent.