Calculate the price of a bond originally issued six years ago that pays semiannual interest at the rate of 12 percent and matures in ten years at $1,200. The market currently requires an 8 percent return for a bond of this risk. Use Appendix D and Appendix B. (Round "PV Factor" to 3 decimal places. Do not round intermediate calculations. Round the final answer to 2 decimal places.)

Price of a bond $