A zero$-$coupon bond is a security that pays no interest, and is

therefore bought at a substantial discount from its face value.

If stated interest rates are $5\%$ annually $($with continuous

compounding$)$ how much would you pay today for a zero$-$

coupon bond with a face value of $$1,200$ that matures in $9$

years?

Please round your answer to the nearest hundredth.