The Sanders Company has one bond issue outstanding. The bonds have a face value of $1000 and mature 19 years from now. The bonds pay an annual coupon rate of 9.2% and coupon payments are made semiannually. U.S. Government bonds with the same maturity are currently trading at a yield to maturity of 6.6%. Sanders' bonds are rated A by Moody's and the average credit spread on A-rated debt is 1.0%. If the next coupon payment will happen six months from now, what is the price of one Sanders' bond today?