Question: As with most bonds, consider a bond with a face value of $ 1 , 0 0 0 . The bond's maturity is 2 4

As with most bonds, consider a bond with a face value of $1,000. The bond's maturity is 24 years, the coupon rate is 9% paid annually, and the discount rate is 14%.
What should be the estimated value of this bond in one year?
Enter your answer in terms of dollars, rounded to the nearest cent.

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