On 1 January, an investor purchases an option-free bond that pays an annual coupon rate of 10% on Dec 31 and matures in ten years at its par value of $100. The investor plans to sell the bond immediately after receiving the seventh coupon. If the coupons are reinvested at an annual interest rate of 8% over the investor's holding period, the future value of the reinvested coupon payments at the end of the investor's holding period is closest to: