One Year Ago, You Purchased a $1,000 Face Value Bond

Multiple Choice

One year ago, you purchased a $1,000 face value bond for a clean price of $980.The bond currently has seven years remaining until maturity, pays a coupon payment of $45 every six months, and has a yield to maturity of 6.87 percent.What is the percentage change in the bond price over the past year?

A) -6.24 percent
B) -14.70 percent
C) 15.48 percent
D) 13.96 percent
E) 6.61 percent