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A 10-year bond was issued last year with a coupon rate of 5 percent and a face value of 1000 There are now 9 years

A 10-year bond was issued last year with a coupon rate of 5 percent and a face value of 1000 There are now 9 years remaining for the life of the bond but the market interest rate of the bond is now 4 percent. What is the bond value

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