A bond issued 5 years ago has an original maturity of 30 years. The par value (or face value) is $1,000. The annual coupon rate on the bond is 7 percent. The coupon payments are made semiannually. The annual required return on the bond (or market interest rate or yield to maturity) is 9 percent. Assume that the next coupon payment occurs six months from today. What should be the value of the bond today?