Select the correct option... The present value of a bond that matures in 5 years can be best described as:

a) The face value of the bond discounted 5 years back to the current period

b) All coupon payments that will be received over the next 5 years discounted back to the current period

c) The face value of the bond plus all future cash flows from coupons being received over the coming 5 years discounted back to the current period

d) The face value of the bond 5 years from the current period

e) The yield to maturity multiplied by the face value of the bond

Justify your answer.