Bill Mitselfik has purchased a bond that was issued by Acme Chemical. This bond has a face value of $1,000 and pays a dividend of 6% per year, compounded semi-annually. Bill bought the bond four years ago at face value and there are seven years remaining until the bond matures. Bill wishes to sell it now for a price that will result in Bill earning an annual yield of 8% compounded semi-annually. What price does Bill need to sell the bond for to earn his desired return? The selling price of the bond should be sRound to the nearest dollar.)