Consider a Security with a Face Value of $100 000

Multiple Choice

Consider a security with a face value of $100 000, which is to be repaid at maturity.The security pays an annual coupon of 8% and has a maturity of three years.The current discount rate is 10%.What is the security's current price (round to two decimals) ?

A) $124,000
B) $95,026.30
C) $19,894.82
D) $100,000