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A typical US corporate bond issue shows a yield to maturity of 6 . 2 % , six years to maturity, and a coupon of

A typical US corporate bond issue shows a yield to maturity of 6.2%, six years to maturity, and a coupon of $80 each year, paid semiannually. Like most corporate bonds, the par value is $1,000. What is a correct estimate of the current price of this bond?
Enter your answer as a regular dollar amount, rounded to the nearest 2nd decimal. Do not enter dollar signs, percent signs, or commas. (If Connect adds these things, that's okay.) For example, if you calculated $40,192.7266, you would enter 40192.73. Or if you calculated $861.2235, you would enter 861.22.

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