Mason's Has 5-Year,8 Percent Annual Coupon Bonds Outstanding with a Par

Mason's has 5-year,8 percent annual coupon bonds outstanding with a par value of $1,000.Dixon's has 10-year,8 percent annual coupon bonds outstanding with a par value of $1,000.Both bonds currently have a yield to maturity of 8 percent.Which one of the following statements is correct if the market rate decreases to 7 percent?

A) Both bonds will decrease in value by 4.10 percent.
B) Mason's bond will increase in value by $52.10.
C) Dixon's bond will increase in value by 4.61 percent.
D) Mason's bond will increase in value by $41.
E) Dixon's bond will increase in value by 6.87 percent.