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  3. as with most bonds, consider a bond with a face va

As with most bonds, consider a bond with a face value of $1,000. The bond's...

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Accounting

As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 29 years, the coupon rate is 4% paid annually, and the discount rate is 9%. What should be the estimated value of this bond in one year? Enter your answer in terms of dollars, rounded to the nearest cent.

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