Calculate the purchase price of the $1000 face value bond using the information given below. (Do not round the intermediate calculations. Round your answer to 2 decimal places.)

Issue date Maturity date Purchase date Coupon rate (%) Market rate (%)

Dec 15, 1995 Dec 15, 2030 June 15, 2014 5.55 7.5

Assume that:

Bond interest is paid semiannually.

The bond was originally issued at its face value.

Bonds are redeemed at their face value at maturity.

Market rates of return are compounded semiannually.