A 40-year maturity bond has a 9% coupon rate, paid annually. It sells today for $1,057.42. A 30-year maturity bond has a 8.5% coupon rate, also paid annually. It sells today for $1,069.5. A bond market analyst forecasts that in five years, 35-year maturity bonds will sell at yields to maturity of 10% and that 25-year maturity bonds will sell at yields of 9.5%. Because the yield curve is upward-sloping, the analyst believes that coupons will be invested in short-term securities at a rate of 8%.