Consider a $10-$year $6\%$ coupon bond with a par value of $$1,000$ and a required yield of $15\%.$ If the required yield increases from $15\%$ to $16\%,$ by what percent does the price of this bond change?

$5\mathrm{.}78\%$

$-5\mathrm{.}78\%$

$-5\mathrm{.}94\%$

$5\mathrm{.}94\%$