32. A 10-year annual-coupon bond has a modified duration of 7.876 years, based on its 4% annual effective yield to maturity. The bond's redemption value is the same as its face value of 1,000. If the bond's annual coupon rate were increased by 1%, what would be the new purchase price, assuming the same yield rate of 4%? A) 1,053 B) 1,112 C) 1,162 D) 1,243 E) 1,300