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A 7% coupon semiannual bond has 10 years left until maturity. It is selling for $1100 today. If its yield rises by 25 basis points

A 7% coupon semiannual bond has 10 years left until maturity. It is selling for $1100 today. If its yield rises by 25 basis points over the coming year, what should this bond be selling for a year from today? Assume a face value of $1000.

$957.70

$1047.30

$1,074.11

$1,010.28

$1125.00

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