A corporation issues a three-year bond with a coupon of $50 and a face value of $1,000.A year later,market interest rates have declined to 4%.What is the price of the bond a year after it was issued? Report your answer to the nearest dollar.

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The Answer of A corporation issues a three-year bond with a coupon of $50 and a face value of $1,000.A year later,market interest rates have declined to 4%.What is the price of the bond a year after it was issued? Report your answer to the nearest dollar.

A Corporation Issues a Three-Year Bond with a Coupon of $50