Question: As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 12 years, the coupon rate is 4% paid

As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 12 years, the coupon rate is 4% paid annually, and the discount rate is 10%.

What should be the estimated value of this bond in one year?

Enter your answer in terms of dollars, rounded to the nearest cent, and without the dollar sign ('$'). So, for example, if your answer is $546.3456, then enter 546.35

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