Duchess Corporation, a major hardware manufacturer, is contemplating selling $20-$year, $9\%$ coupon $($stated annual interest rate$)$ bonds, each with a par value of $$1,000.$ Because bonds with similar risk earn returns greater than $9\%,$ the firm must sell the bonds for $$950$ to compensate for the lower coupon interest rate. The flotation costs are $8\%$ of the par value of the bond. What are the net proceeds to the firm from the sale of each bond?