1. Jeremy bought a bond when it was issued by Pineapple Corp. 17 years ago. The bond, which has a $1,000 face value and a coupon rate equal to 11 percent, matures in six years. Interest is paid every six months; the next coupon payment is scheduled for six months from today. If the yield on similar-risk investments is 12.5 percent, what is the current market value (price) of the bond?