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As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 22 years, the coupon rate is 6% paid
As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 22 years, the coupon rate is 6% paid annually, and the market yield (discount rate) is 4%. What should be the estimated value of this bond in one year? Assume the market yield remains unchanged. Enter your answer in terms of dollars and cents, rounded to 2 decimals, and without the dollar sign. That means, for example, that if your answer is $127.5678, you must enter 127.57
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