Crimson Tide Incorporated has a bond trading on the secondary market that will mature in six years. The bond pays a

semi$-$annual coupon with a coupon rate of $9\mathrm{.}375\%$ APR. Based on the economy and risk associated with Crimson Tide,

you seek a $13\mathrm{.}92\%$ APR return on Crimson Tide debt. The face value of the bond is $$1,000.$ What price are you willing to

pay for the bond?