Consider a Russian government bond with a maturity of one year. Its face value is 100 Rubels and its coupon rate is 10%. The yield to maturity implied by its current market price is 5%. All of a sudden, Russia just announces that it will stop paying coupons to its investors, but that it will still pay the face value on any outstanding bonds. In response to the news, the market price of the bond falls by 7 Rubels. Has the the yield to maturity implied by the new price changed relative to the previous yield to maturity of 5% before Russia's announcement?

A.

Yes, it has gone up

B.

There is not enough information to answer this question

C.

Yes, it has gone down

D.

No, it has stayed the same