Ivanhoe, Inc., has a bond issue maturing in seven years that is paying a coupon rate of $7\mathrm{.}5$ percent $($semiannual payments$).$ Management

wants to retire a portion of the issue by buying the securities in the open market. If it can refinance at $6\mathrm{.}0$ percent, how much will

Ivanhoe pay to buy back its current outstanding bonds? Assume face value is $$1,000.($Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

Ivanhoe will pay $,$$