1. You are analyzing a bond that will mature in four years. Actually, ABC Company issued several hundred million dollars worth of these bonds, but we conduct our analysis in terms of the individual units, described as follows. These bonds had 25-year original maturities, but they were issued twenty-one years ago, thus they will mature four years from today. Each individual bond has a $1,000 par value ($1,000 was the amount originally lent to the company and the amount the company will pay back at maturity; par value for bonds issued by U.S. corporations is typically $1,000) and a 7% annual coupon interest rate, with interest paid annually. Today, rational buyers of bonds with similar risk, 4-year remaining lives, and annual interest payments require a 10% effective annual rate of return (also called the bond's yield to maturity). What should a rational investor pay for one of these ABC bonds