A Ford Motor Co$.$ coupon bond has a coupon rate of $7\%,$ and pays annual

coupons. The next coupon is due tomorrow and the bond matures $38$ years from

tomorrow. The yield on the bond issue is $6\mathrm{.}2\%.$ At what price should this bond

trade today, assuming a face value of $$1,000?($Hint: first, you can calculate

tomorrow's bond price. Since the next coupon is due tomorrow, you need to add

this coupon amount to the price tomorrow to get today's bond price. $)$

The price of the bond today should be $

$.($ Round to two decimal places.$)$