Bond X is noncallable and has 20 years to maturity, a 10% annual coupon, and a $1,000 par value. Your required return on Bond X is 8%; and you buy it, you plan to hold it for 5 years. You (and the market) have expectations that in 5 , years the yield to maturity on a 15 -year bond with similar risk will be 11.5\%. How much should you be willing to pay for Bond X today? (Hint: You will need to know how much the bond will be worth at the end of 5 years.) Round your answer to the nearest cent