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Please show mathematical computation. No excel please. A bond with a face value of $100,000 has a coupon rate of 8 percent. The bond matures

Please show mathematical computation. No excel please.

A bond with a face value of $100,000 has a coupon rate of 8 percent. The bond matures in 10 years. When the bond is issued, the market rate of interest is 10 percent. What amount will investors pay for this bond? a. $100,000 b. $87,707 c. $49,157 d. $113,421

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