Let's assume the case of an investor who purchased the bond from the

State of South Carolina.

Once the market reference rate changed to $8\%,$ at what price could

this investor sell the bond?

Characteristics:

$10$ years to maturity

$6\%$ coupon rate

Nominal value: One hundred thousand dollars

$92,341\mathrm{.}50$

$86,409\mathrm{.}67$

$80,019\mathrm{.}30$

$86579\mathrm{.}84$