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 $8\mathrm{.}25\%$ APR. Based on the economy and risk associated with Crimson Tide,

you seek a $12\mathrm{.}58\%$ APR return on Crimson Tide debt. The face value of the bond is $$1,000.$ What price are yolatwilling to

pay for the bond?

Answer format: Currency: Round to: $2$ decimal places.