Jackson Co recently issued 2 million bonds. Each bond has a face value of $100 000. The bonds pay a coupon rate of 6.9 % p.a., paid quarterly. When the bonds were issued, they had a maturity of 9.3 years and yield to maturity of 5.1% p.a. compounded quarterly. For what price was each bond sold when issued? Enter your answer to the nearest cent (two decimal places).