Suppose that you are considering the purchase of a security that have the following timeline of payments:
Year Interest face value $10,000
1 600
2 600
3 600
4 600
Suppose that the two years have elapsed since you purchased the security, and you have received the first two payments of $600 each. Now suppose the market interest rate suddenly jumps to 10%. How much would another investor be willing to pay for your security?