Question $251$ pts

According to the arbitrage principle on bonds, the price of a $10-$year discount bond this year will be equal to:

Group of answer choices

The present value of a $9-$year bond next year

The present value of the face$-$value payment collected in $10$ years

All of these options

The present value of a $1-$year bond in nine years

The present value of $5-$year bond in five years