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LBJ Enterprises is issuing new bonds for a capital budgeting project. The bonds will have $25\mathrm{.}00$ year maturities with a coupon rate of $6\mathrm{.}60\%$ APR with semi$-$annual coupon payments $($assume a face value of $$1,000$ on the bond$).$

The current market rate for similar bonds is $8\mathrm{.}98\%$ APR. The company hopes to raise $$32\mathrm{.}00$ million with the new issue.

Based on the current market rate, what will one of the new bonds sell for?

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Answer format: Currency: Round to: $2$ decimal places.