Answer:
The correct option is the price of a corporate bond is the present value of its face value at the market or effective rate of interest plus the present value of all future interest payments at the market or effective interest rate
Step-by-step explanation:
The price of a bond is usually the present value of the face value and the all future coupon interest payments using the market rate or yield to maturity or effective interest rate as the discounting rate.
A rational bond investor would not be willing to pay more than today's equivalent of all bond cash flows(face value and interests) as bond price.