1. Four years ago Adam purchased ten bonds with each bond at $1,925. The bonds have four years to maturity, a bond/coupon rate of 10%, paid annually, and a face value of $ 2,000. Each year Adam reinvested all coupon interest (current and prior coupon interests) at the prevailing reinvestment rate for the given year as shown in the table below. Time PrevailingReinvestme 0(purchasc (laic) 6% 7% 9% 8% 9% 2 4 (a) What is the total value of the investment? (b) What is Adam's realized average compound interest rate from the bond investment? (c) What would be the investment worth if invested instead with TVOM rate of 12%? (d) Would you have recommended Adam to buy the bonds four years back? (30 points)