The question is in the below

3. A bond that matures in one year has a payoff of either 0 or 100 dollars with equal 100 0 consumption and an annual income of I = 100 would be willing to pay today for this bond given: probability, n+1 = { . Find the price that an investor with power utility of a. An annual discount factor 6 = 1 and a risk aversion parameter 1/ = 2 (2 points) I). An annual discount factor 6 = 0.9 and a risk aversion parameter r = 2 (2 points)