Question: Dunder Inc issued a $1,000, 7-year bond on June 1, 2020. The bond was sold for 106.05 at a market rate of 4%. It paid

Dunder Inc issued a $1,000, 7-year bond on June 1, 2020. The bond was sold for 106.05 at a market rate of 4%. It paid a 5% coupon semi-annually on December 1st and May 1st. What is the carrying amount of the bond on Dec 1, 2020? Round your answer to two decimal places, but do not round intermediate calculations

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