Suppose that an investor with a 3-year investment horizon is considering purchasing a ten-year 4.5% coupon bond selling at par. The investor expects that he can reinvest the coupon payments at an annual interest rate of 5.0% and that at the end of the investment horizon seven-year bonds will be selling to offer a yield to maturity of 6%. What is the expected total return (the sum of the reinvested coupons plus the sale price) for this bond?

Group of answer choices

86.50

113.50

109.50