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Fresh Air Corp. (FAC) issues a bond with the following characteristics: 100,000 face value 10% coupon interest rate 3 year maturity date and here's an

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Fresh Air Corp. ("FAC") issues a bond with the following characteristics: 100,000 face value 10% coupon interest rate 3 year maturity date and here's an excerpt of the present value tables: present value of $1 lump sum 8% 10% 12% 0.9259 0.9090 0.8928 0.8573 0.8264 0.7971 0.7938 0.7513 0.7117 3 The bond market prices the bond using an 8% market interest rate. How much cash does FAC receive when this bond is issued ? (Round to the nearest dollar. Do not input pennies.) This bond is sold at: A discount b At par A premium d Its face value

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