you just bought a 10-year annual bond with a coupon rate of 5% at a price of $900. if you are able to invest the bond's coupons at the current yield-to-maturity, what is the future value of all the bond's coupons at the end of 10 years?
I will assume that the coupon rate is annual
I am not sure but i think you are just asking what $900 will grow to in 10 years if interest is compounded.
FV=900(1+0.05)^10
