Treasury securities are issued and backed by the U. S. government and, therefore, are considered to be the lowest-risk securities on the market. As an investor looking for protection against inflation, you are considering the purchase of inflation-adjusted bonds known as U. S. Treasury Inflation-Protected Securities (TIPS). With these securities, the face value (which is paid at maturity) is regularly adjusted to account for inflation; however, the semiannual interest payment (called the bond dividend) remains the same. You purchased a 10-year $10,000 TIPS bond with dividend of 4% per year payable semiannually (i. e., $200 every 6 months). Assume there is no inflation adjustment for the first 5 years, but in years 6 through 10, the bond face value increases by $1150 each year. You use an expected investment return of 14% per year compounded semiannually.

NOTE: This is a multi-part question. Once an answer is submitted, you will be unable to return to this part.

What is the net amount of money that you will have received during the 10-year life of the bond without any consideration of dividend reinvestment?

The total net amount of money that you would have received is $