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You are looking at a 20-year, 4 percent annual coupon bond. The bond has a face value of $1,000. What is the percentage change in

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You are looking at a 20-year, 4 percent annual coupon bond. The bond has a face value of $1,000. What is the percentage change in the price of this bond if the market yield to maturity rises to 7 percent from the current rate of 6.5 percent? 5.85 percent decrease 5.85 percent increase 0.21 percent increase 1.97 percent increase 1.97 percent decrease

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