anshultongia

ans B 76$
Method:
What investment in the bond would earn at the end of the 7 year period.
888.94 * (1.0325)^14 = 1391.02
What is actually obtained?
1000 Face + 22.5 * 14 (Coupons) = 1315
So amount to be reinvested = 1391.02  1315 = 76$