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