On March 1, 2020, Spring Break Company sold 4,000 individual bonds. The bond terms were as follows: 25 years, $1,000 face value, and 2.1% coupon rate. The bonds were issued at an annual effective interest rate of 1.9%. Interest is payable semi-annually and is due each year on September 1 and March 1. As of March 1, 2020, bond issue costs of $103,500 were incurred in preparing and selling the bond issue. Calculate the selling price of the bond