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SuperB Inc. just issued bonds with a coupon rate of 4%, face value of $1,000, and 10 years to maturity. The bond pays coupons semiannually.

SuperB Inc. just issued bonds with a coupon rate of 4%, face value of $1,000, and 10 years to maturity. The bond pays coupons semiannually. Estimate the price of this bond in one year if market rates decrease to 3%.

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