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As with most bonds, consider a bond with a lace value of $1,000. The bond's maturity is 21 years, the coupon rate is 12% paid

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As with most bonds, consider a bond with a lace value of $1,000. The bond's maturity is 21 years, the coupon rate is 12% paid annually, and the discount rate is 4%. What should be the estimated value of this bond in one year? Enter your answer in terms of dollars, rounded to the nearest cent

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