A year ago, Co$.$ sold $16$yr bonds. The coupon rate is$7\mathrm{.}2\%.$ Face value is $$1,000.$ They're semiannual payments.

Required:

The YTM is $5\mathrm{.}5\%,$ what's the price? Hint: don't forget to adjust the maturity for it being a year later, so the NPER has declined by two semi$-$annual periods. Once again, for all the semi$-$annual problems divide the coupon rate and YTM by $2,$ and multiply NPER by $2.($Do not round intermediate calculations. Round your answer to $2$ decimal places $($e$.$g$.,32\mathrm{.}16).)$