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Suppose that Nikola Motors issued a bond with 20 years until maturity and a face value of $1000, and a coupon rate of 4% (annual

Suppose that Nikola Motors issued a bond with 20 years until maturity and a face value of $1000, and a coupon rate of 4% (annual payments). The yield to maturity on this bond when it was issued was 3%. Assuming the yield to maturity remains constant, what is the price of the bond immediately after it makes its first coupon payment?

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