Why statement of iii is wrong?

13) Bond PQR has a face value of $1000 and pays coupon on an annual basis. The coupon rate is 10% and the Y TM is 8%. The bond will mature in 5 years. Ifthe YTM suddenly increases to 10%, which of the following is true? i. The price of the bond goes down ii. The price of the bond goes down by approximately 7.4% iii. The bond trades at a discount A. i and ii B. ii and iii C. i and iii D. i, ii and iii correct answer: a