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Tayzor Guitars has a bond outstanding with a coupon of 1 5 percent with semiannual payments and a yield to maturity of 1 2 .

Tayzor Guitars has a bond outstanding with a coupon of 15 percent with semiannual payments and a yield to maturity of 12.6 percent. The bonds mature in 18 years and have a face value of $1,000. What is the percentage change in market value if the yield to maturity increases to 12.85 percent?
1.81%
1.73%
-1.70%
0.98%
-1.27%
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