On January 1, 2022, Sabre Inc. issues a bond with a $100,000 face value and a coupon rate of 6%. The bond matures in four years and pays interest annually on December 31st. The market rate is 4% on the date of issuance. Sabre Inc. also uses the following table to keep track of interest payments, interest expense, and amortization of the bond premium/discount: (1) (2) (3) (4) (5) Date Cash Paid Interest Expense Change in carrying value Net Carrying Value = Face Amount x Stated Rate Carrying Value x Market Rate (3) (2) Prior Carrying Value + (4) Issuance N/A N/A N/A Issuance Price Interest Payment 1 etc... 18. What is the issuance price that Sabre Inc. will record for this bond? a. $99,999.66 b. $106,270.66 c. $107,259.40 d. $85,480