The corner grocer has a 7-year, 6 percent annual coupon bond outstanding with a $1,000 par value. the bond has a yield to maturity of 5.5 percent. which one of the following statements is correct if the market yield suddenly increases to 7 percent? a. the bond price will increase by 5.29 percent. b. the bond price will increase by $57.14. c. the bond price will decrease by $53.62. d. the bond price will decrease by 8.36 percent. e. the bond price will decrease by 8 percent.