The Corner Grocer has a 7-year, 6 percent annual coupon bondoutstanding with a $1,000 par value. The bond has a yield tomaturity of 5.5 percent. Which one of the following statements iscorrect if the market yield suddenly increases to 6.5 percent?

	The bond price will increase by $57.14.
	The bond price will increase by 5.29percent.
	The bond price will decrease by $53.62.
	The bond price will decrease by 5.43percent.
	The bond price will decrease by 5.36percent.