A Ford Motor Co. coupon bond has a coupon rate of 6.85%, and pays annual coupons. The next coupon is due tomorrow and the bond matures 26 years from tomorrow. The yield on the bond issue is 6.4%. At what price should this bond trade today, assuming a face value of $1,000?

The price of the bond today should be $

(please show step by step with formula) (excel and finance calculator is fine but would rather formula) thank you!