Bob bought a bond last year for $10,000 that promises to pay him $800 per year. This year investors can buy a bond for $10,000 that promises to pay $500 per year. If Bob wants to sell his bond what is...

Bob bought a bond last year for $10,000 that promises to pay him $800 per year. This year investors can buy a bond for $10,000 that promises to pay $500 per year. If Bob wants to sell his bond what is the price likely to be?

a. $10,000

b. $5000