Shady Rack Inc. has a bond outstanding with 8.75 percent coupon, paid semiannually, and 25 years to maturity. The market price of the bond is $1,052.58. Calculate the bonds yield to maturity (YTM). Now, if due to changes in market conditions, the market required YTM suddenly increases by 2% from your calculated YTM, what will be the percent change in the market price of the bond? a. -14.01% b. -16.39% c. -15.66% d. -14.87% e. -17.76% f. -17.09%