Sonic Automotive Inc. is planning on raising new debt capital through the issue of 8% p.a. semi-annual coupon bonds with a face value of $1,000. These bonds will mature in 3 years. If the current market yield is 10% p.a. compounded semi-annually, how much will each bond cost? Any intermediate steps should be rounded to 4 or more decimal places. Round your final answer in dollars to 2 decimal places and exclude the dollar sign (\$) or comma. For example, $10,784.6518 should be input as 10784.65