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Question 6 5 Marin Company's bonds mature in 8 years, have a par value of $1,000, and make an annual coupon interest payme of $65.

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Question 6 5 Marin Company's bonds mature in 8 years, have a par value of $1,000, and make an annual coupon interest payme of $65. The market requires an interest rate of 5.85% on these bonds. What is the bond's price? Your answer should be between 1000.00 and 1120.00, rounded to 2 decimal places, with no special characters

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