Question $1(1$ point$)$

Fresh Water, Inc. sold an issue of $11-$year $$1,000$ par value bonds to the public. The bonds have a $10\mathrm{.}78$ percent coupon rate and pay interest annually. The current market rate of interest on the Fresh Water, Inc. bonds is $12\mathrm{.}83$ percent. What is the current market price of the bonds?

Round the answer to two decimal places.