Consider a bond that matures 3 years from today, on June 23, 2023. The coupon rate is 10%. The yield to maturity (the return that bond holders want for an investment of like risk) is 8%. If interest rates (yield to maturity) remain constant, the price of this bond on June 23, 2021 will be _______.

A)higher than it is on June 23, 2020.

B)lower than it is on June 23, 2020.

C)the same as it is on June 23, 2020.

D)cannot be determined

E)$1,000

Will this answer be the same as it is on June 23,2020?

I did 100/(1.10)^1+1000/(1.10)^1=1000