You bought a bond for $1000 today. The maturity of this bond is 20 years from now. Please assume this hypothetical bond pays interest annually (not semi-annually). The annual coupon rate is 8% paid annually. You sell this bond after four years. The annual interest rate (reinvestment rate) for year 1 is 8% going up by an absolute value of 1% each year for the following three years and remains constant thereafter. You sell this bond after four years. The price of this bond when you sell it after four years (compounded annually) is: