The following information pertains to a bond issue of the Fusso Corporation:

Maturity value: $1,000,000 Maturity date: December 31, 2031 Stated interest rate (Coupon rate): 7% Interest payments are made annually on December 31st Date of issue: December 31, 2011 Effective (market) interest rate (Yield to maturity) at issue: 7.5% On December 31, 2022, when the market yield to maturity of the bond was 8.25%, Fusso paid the market price + $20,000 to retire entire bonds. The coupon was paid just before the announcement of the bond retirement.

The market value(price) of the bond on December 31, 2022 was $________________.