You purchase 3,500 bonds with a par value of $1,000 for $963 each. The bonds have a coupon rate of 7.1 percent paid semiannually and mature in 10…

You purchase 3,500 bonds with a par value of $1,000 for $963 each. The bonds have a coupon rate of 7.1 percent paid semiannually and mature in 10 years. How much will you receive on the next coupon date?

(Round your answer to 2 decimal places. Omit the “$” sign in your response.)