Assume that a bond makes 10 equal annual payments of $1,000 starting one year from today.

The bond will make an additional payment of $100,000 at the end of the last year, year 10.

(This security is sometimes referred to as a coupon bond.)

If the discount rate is 3.5$% per annum, what is the current price of the bond?

(Hint: Recognize that this bond can be viewed as two cash flow streams: (1) a 10-year annuity with annual payments of $1,000, and (2) a single cash flow of $100,000 arriving 10 years from today. Apply the tools you've learned to value both cash flow streams separately and then add.)

*Make sure to input all currency answers without any currency symbols or commas, and use two decimal places of precision.