Veteto Corporation issued $1,000,000 of 5% bonds on January 1, 2020, due on January 1, 2022. The interest is to be paid annually on December 31. The bonds were sold to yield 5% effective annual interest. Veteto Corporation closes its books annually on December 31. On January 1, 2020 what price should the bonds trade? Blank 1

Use comma separators but do not enter dollar signs. example 967,000