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An investor just purchased a annual 8 year bond that pays $55 each war for 8 years, and $1,000 in the final year. The investor

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An investor just purchased a annual 8 year bond that pays $55 each war for 8 years, and $1,000 in the final year. The investor believes she can reinvest the coupon payments each year at a $3.5%, interest rate. If the yleid to maturity on the bond is $4.75%, then what is the price of the bond? How much money will the investor have in 8 years, if he reinvests the coupon payments at the $3.5% interest rate

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