Consider a bond with a Par Value of $$1,000.$ It pays a coupon of $12\%$ and the coupon is paid annually. It matures in $10$ years. Calculate the market value of the bond if the market rate is $10\%.$

$$1,196\mathrm{.}63$

$$1,1081\mathrm{.}36$

$$1,122\mathrm{.}89$

None of the answers are correct