As part of a reorganization plan, a bankruptcy court has permitted a new indenture on an outstanding bond issue to be put into effect for Crumpacker Corporation, which recently filed for Chapter 11 bankruptcy protection. It is known that the issue has $1,000 par value per bond, 10 years to maturity, and a coupon rate of 4% paid semi-annually. The reorganization plan allows the following arrangement: For the first five years, there will be no coupon paid (that is, coupon = $0). After five years, regular coupon payments will resume. At maturity, the par value plus the sum of all coupon payments that were not paid during the first five years must be paid. However, no additional interest will be paid on the deferred coupon payments. If the required rate of return is 5% percent (APR), calculate the price the Leicester bonds would sell for in the market.