assuming you want to purchase a 5 year bond that had a face value of $20,000 that pays 12% intrest. How much are you willing to pay for this bond assuming the market rate is 12%

A $5,674

B $1,200

C $20,000

D $29,805

Assuming you want to purchase a 5 year bond that had a face value of $10,000 that pays 12% intrest. How much are you willing to pay for this bond assuming the market rate is 10%

A $10,000

B $13,674

C $9,313

D $8,571