Question: By how much will a bond increase in price over the next year if it currently sells for $925.16, has 5 years until maturity, and

By how much will a bond increase in price over the next year if it currently sells for $925.16, has 5 years until maturity, and an annual coupon rate of 7%? (PLEASE SHOW THE SOLUTION STEP BY STEP AND SOLVE BY HANDS WITHOUT CALCULATOR)

A)$8.26

B)$8.92

C)$12.53

D)$11.98

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