Consider a $2-$year bond issued today, with a $$10,000$ par value and a coupon rate of $1\%.$ Market annual interest rate is $4\%.$ What should you pay for the bond? $($Recall since market rate$>$coupon, the bond should sell at a discount.$)$

$$10,000$

$$10,592\mathrm{.}10$

$$9,436\mathrm{.}39$

$$9,428\mathrm{.}39$