Assume you buy a bond with the following features Bond maturity = 4 Coupon Rate = 5.00% Face Value = $1,000 Annual Coupons When you buy the bond the market interest rate 3.50% Immediately after you buy the bond the interest rate changes to 3.00% What is the "reinvestment" effect in year 4 ?

Group of answer choices -$1.57 $1.57 $1.61 -$1.61