Question: IBM sells a 5 - year, $ 1 0 , 0 0 0 bond that pays 8 % annual interest. The amount that investors would

IBM sells a 5-year, $10,000 bond that pays 8% annual interest. The amount that investors would be willing to pay for the bond if the market interest rate is 10% is the present value of:
Multiple Choice
$10,000 plus the present value of the interest payments where i =8%.
$15,000 where i =10%.
$10,000 plus the present value of the interest payments where i =10%.
$14,000 where i =8%.
None of these

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