An investor is considering the purchase of a 20-year, 7% coupon bond selling for \($815.984\) and a par value of \($1,000.\) The yield to maturity is 9%.

a. What would be the total future dollars generated if this individual invested \($815.984\) for 20 years earning 9% compounded semiannually?

b. What are the amount of the total coupon payments over the life of the bond?

c. Calculate the interest-on-interest component from the bond assuming that the coupon payments can be reinvested at 4.5% every six months.