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A bond has a face value of $1,000, a fixed coupon rate of 6%, annual interest payments, and it matures in twelve years. The next

A bond has a face value of $1,000, a fixed coupon rate of 6%, annual interest payments, and it matures in twelve years. The next interest payment is due in one year. If the appropriate discount rate for these future payments in 4.5%. What is the value of this bond today

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