A $$1000$ par value bond was issued $25$ years ago at a $12$ percent coupon rate. If curtently has $15$ years remaining to maturity. Interest rates on similar obligations are now $8$ percent. Assume Ms$.$ Bright bought the bond three years ago when it had a price of $$1,050.$ Futther assume Ms$.$ Bright pald $30$ percent of the purchase prike in cash and borrowed the rest $($known as buying on margin$).$ She used the interest payments from the bond to cover the intesest costs on the loan.

$6.$ What is the current price of the bond? Use Table ti$6-2.$

Note: Input your answer to $2$ decimal ploces.

Pece of the bond