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Suppose Hugo was to invest a 100,000 on 30 September 2018, in a Spanish Government 2.0% bond maturing on 31 Aug 2021 at its current
Suppose Hugo was to invest a 100,000 on 30 September 2018, in a Spanish Government 2.0% bond maturing on 31 Aug 2021 at its current price of Euro 101.11, what amount would be available to him from his investment in September 2021. This bond pays annual interest at its maturity date, and on that same day and month each year prior to its maturity. Hugo will hold any interest and capital payments he receives in a secure non-interest bearing bank account. Taxation and transaction costs should be ignored. Insert your answer as a round euro amount without the symbol
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