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As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 28 years, the coupon rate is 14% paid

As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 28 years, the coupon rate is 14% paid annually, and the discount rate is 12%.

What should be the estimated value of this bond in one year?

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