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QUESTION 12 Adobe has a bond maturing in exactly 35 years. The bond pays a $10 annual coupon, with the next coupon in one year,

QUESTION 12 Adobe has a bond maturing in exactly 35 years. The bond pays a $10 annual coupon, with the next coupon in one year, and a face value of $1,000. The bond is currently yielding 4% APR with annual compounding. What price should this bond trade at today? Your final answer must be rounded to the nearest dollar, only numeric, and exclude the dollar sign. Rounding examples: 1.49 would be rounded to 1 and 1.50 would be rounded to 2

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