22. A bond is presently worth $1,080.00 and its yield to maturity is 8%. If the yield to maturity goes down to 7.84%, the value of the bond will go to __________ if the duration of the bond is 9.

1. A) $1,034.88
2. B) $1,036.00
3. C) $1,094.00
4. D)$1,123.60
6. The answer is C but I need an explanation of the steps to get that answer