I'm thinking it's option (A): Approximately 11% decrease Just wanting to make sure :)

Question 20 1 pts A ten-year bond has a 10% coupon rate and face value of $1000. What is the percentage change in the price of this bond if the discount rate rises to 11% from the current level of 10%? Assume the bond makes semi-annual coupon payments. O Approximately 11% decrease O Approximately 9% increase O Approximately 1% decrease O Approximately 1% increase O Approximately 6% decrease