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Jackson Corporation's bonds have 1 2 years remaining to maturity. Interest is paid annually, the bonds have a $ 1 , 0 0 0 par

Jackson Corporation's bonds have $12$ years remaining to maturity. Interest is paid annually, the bonds have a $ $1, 000$ par value, and the coupon interest rate is $8.5 % .$ The bonds have a yield to maturity of $6 % .$ What is the current market price of these bonds? Do not round intermediate calculations. Round your answer to the nearest cent.

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