New Business Ventures, Inc., has an outstanding perpetual bond with a coupon rate of 12 percent that can be called in one year. The bond makes annual coupon payments and has a par value of $1,000. The call premium is set at $130 over par value. There is a 60 percent chance that the interest rate in one year will be 14 percent, and a 40 percent chance that the interest rate will be 10 percent. If the current interest rate is 12 percent, what is the current market price of the bond? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current market price