Kebt Corporation's Class Semi-Annual Bonds have a 12-year maturity and a 9.75% coupon paid semi-annually (4.875% every 6 months), and those bonds sell at their $1,000 par value. The firm's Class Annual Bonds have the same risk, maturity, nominal interest rate, and par value, but these bonds pay interest annually. Neither bond is callable. At what price should the annual payment bond sell?