Suppose Bell Canada issued a zero$-$coupon bond that will mature exactly one year from today. The bond will pay $$1000$ in a weak economy, and $$1100$ in a strong economy. The bond is AA rated $($meaning it$$s not risk free, but fairly safe.$)$ The appropriate risk premium for AA rated bonds is $2\%($effective annual rate$).$ The current riskless rate is $4\%($EAR$).$ The probabilities of a weak or strong economy are equal.

What is the current fair market value of the bond?