Consider an annual coupon bond with a face value of ?$100?, 11 years to? maturity, and a price of ?$91. The coupon rate on the bond is 4?%. If you can reinvest coupons at a rate of 5?% per? annum, then how much money do you have if you hold the bond to? maturity?
The total proceeds from holding the bond to maturity are ?$ ________. ?(Round to the nearest? cent.)