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A&Z Electric Company's noncallable bonds were issued several years ago and now have 1 0 years to maturity. These bonds have a 9 . 2

A&Z Electric Company's noncallable bonds were issued several years ago and now have 10 years to maturity. These bonds have a 9.25% annual coupon, paid semiannually, sells at a price of $1,095, and has a par value of $1,000. What is the future value of the bond?
$1,000
$1,095
$1,950
$1,100

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