Microsoft Corporation has a bond outstanding which is trading at a premium, exactly at $1185. Duration of this bond is 7 years, it has a yield to maturity of 10%. You are wondering what the price of this bond will be if the yield to maturity climbs to 10.77%
Group of answer choices
A. $1277.24
B. $1179.21
C. $1104.45
D. $1057.78
E. $1004.27