please explain why ghe correct answer is option A

A $1,000 face value coupon bond will pay 5 percent interest annually for 12 years. What is the percentage change in the price of this bond if the market yield rises to 5.5 percent from the current level of 5 percent? 2.-4.31 percent b.-5.28 percent C. 413 percent d-8.38 percent e. 113 percent