Greeley Construction has a bond issue in which each bond carries a $1,000 face value (FV = $1,000). When the bond was originally issued several years ago market interest rates were quite low, and it was offered with a coupon interest rate of 4.2% (or i_coupon = 0.042 in decimal terms), payable annually. At this time the bond matures in exactly 10 years, or on 4/9/2031. Based on this information, how much would an investor receive each year as the annual coupon or interest payment (find C, in dollars)? Finally, if this investor were to hold the bond until its maturity date what would be the one-time cash flow the investor would receive from Greely Construction on 4/9/2031?

Annual Coupon Payment (C, in $):

One-Time Cash Flow on 4/9/2031 (in $):