As a bond fund manager, you are considering corporate bonds issued by Super Buy (SB). Each SB bond is a 4-year bond with a par value of $1 million. Its interest payments are based on the following schedule: $50,000 in year 1,$60,000 in year 2,$70,000 in year 3 , and $80,000 in year 4 . You estimate SB's current interest rate is 6%. What is the estimated new bond price using the duration model if the YTM increases by 100 basis points? A. $1.0149 million B. $1.0496 million C. $0.9802 million D. $0.9795 million