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A three - year bond with $ 1 0 0 0 face - value and 1 0 % coupon rate is sold for $ 1

A three-year bond with $1000 face-value and 10% coupon rate is sold for
$1000 today. If one year later the market interest rate increases to 15%, then
this bond will have a market price of _______next year.
A. $1092.97
B. $1047.62
C. $956.52
D. $918.71
the answer is C but i am not sure how to caculate it

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