A 10-Year, 8% Coupon Bond Pays Interest Annually

A 10-year, 8% coupon bond pays interest annually. The bond has a face value of $1,000. What is the percentage change in the price of this bond if the market yield rises to 9% from the current rate of 8.5%?

A) - 4.23%
B) - 4.08%
C) - 3.71%
D) - 3.24%
E) - 2.98%