Question: Need help asap please... taking a timed test right now Consider an annual coupon bond with a face value of $100, 10 years to maturity,

Need help asap please... taking a timed test right now

Consider an annual coupon bond with a face value of $100, 10 years to maturity, and a price of $83. The coupon rate on the bond is 5%. If you can reinvest coupons at a rate of 4% per annum, then how much money do you have if you hold the bond to maturity? The total proceeds from holding the bond to maturity are ? . (Round to the nearest cent.)

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