$($Value of the Bond Semi$-$Annually$)$

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This set of problems is designed to be calculated using the Excel or financial calculator. Do not use financial tables to calculate these problems.

Question $1(1$ point$)$

General Mills has a $$1,000$ par value, $22-$year to maturity bond outstanding with an annual coupon rate of $11\mathrm{.}18$ percent per year, paid semiannually. Market interest rates on similar bonds are $12\mathrm{.}64$ percent. Calculate the bond's price today.

Round the answer to two decimal places.