Borinken, Inc. sells to the public a bond it issued with a par value of $1,000 and a maturity of 30 years. This bond has a coupon rate of 10.85% and pays interest semiannually. Today marks 12 years since that bond was issued. The current market interest rate on a similar bond is 8.45%. What is the current market price of the bond? Round to the nearest $1.