$5$ pts

You plan to invest in Fixed income so you have decided that Corporate Bonds are appropriate for your investment needs. You find a bond that that matures in $25$ years, yields $9\mathrm{.}07\%$ and has a coupon rate of $8\%$; making semiannual payments. If the par value equals $$1,000,$ what is the most you must be willing to pay per bond? Enter your answer to the nearest penny.