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A four year bond with a face value of $ 1 , 0 0 0 pays $ 1 5 0 in interest at the end

A four year bond with a face value of $1,000 pays $150 in interest at the end of years one, two, and three. The bond will pay
. $1,150 at the end of the fourth year, when it matures. If the interest rate remains constant at 6%, what is the present value of this
bond? Enter your answer rounded to the nearest penny.
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