Consider a One-Year Maturity, $100,000 Face Value Bond That Pays

Multiple Choice

Consider a one-year maturity, $100,000 face value bond that pays a 6 percent fixed coupon annually. If the bond is selling at par, what is the percentage price change for the bond if interest rates increase 50 basis points from 6 percent?

A) -0.1033 percent.
B) -0.4766 percent.
C) -0.4695 percent.
D) 0.0000 percent.
E) -0.2907 percent.