One year ago, you purchased a $1,000 face value bond for a price of $980. The bond currently has seven years remaining until maturity, pays a coupon payment of $45 every six months, and has a yield to maturity of 6.87 percent. What is the percentage change in the bond price over the past year?

a.

-14.70 percent

b.

13.96 percent

c.

6.61 percent

d.

-6.24 percent

e.

15.48 percent