Carol plans to invest in a 16 year bond issued by Iris Ltd that pays a coupon of 6.6 percent. Coupon payments are made semi-annually. If the current market rate is 6.1 percent, what is the maximum amount Carol should be willing to pay for this bond? Assume it has a par value of $1000. (Round your intermediate calculations to 4-6 decimal places. Round final answer to 2 decimal places. Omit $ sign in final answer.)