107. Sebastian's Sporting Goods (SSG) issued $100,000 bonds with an annual coupon rate of 4% when the market rate was 5%. Interest is paid annually. If these bonds have a five-year life until maturity, what is the total amount of cash that SSG will pay bondholders? a. $100,000 b. $20,000 c. $105,000 d. $120,000 108. Please select which of the following statement is true: 1. If the market rate is higher than the coupon rate, the bonds will be issued at a discount II. The annual payment on a bond is calculated by multiplying the market rate times the face value of the bond. III. Bonds must have a positive coupon rate. a. Only 1 is a true statement b. All the statements are true c. I and II are correct statements d. I and III are correct statements