Question 12 Not yet answered Marked out of 6.00 Flag question Consider a two-year bond with a yield to maturity of 7% and an annual coupon rate of 5%. The bond is currently traded at $96.38, and the duration of the bond is 1.95 years. If the bond's yield to maturity changes to 12%, estimate its price change by using its duration. (Please round your calculation to the nearest 2nd decimal.) A. decrease by $8.78 B. No change C. decrease by $9.78 D. increase by $9.78 E. increase by $8.78