On December 31, 2019, $610,000 of 14% bonds were issued. The market interest rate at the time of issuance was 11%. The bonds pay interest on June 30 and December 31 and mature in 8 years. Required: Compute the selling price of a single $1,000 bond on December 31, 2019. Note: Round all intermediate calculations to three decimal places, and round your final answer to the nearest cent. Selling price of bonds: $0 Cheok