Bond X is noncallable and has 20 years to maturity; a 7% annual coupon, and a $1,000 par value, Your requared return on Bond X is 6%; if you tay it; you plan to hold it for 5 years, You (and the market) have expectations that in 5 years, the yeld to maturity on a 15 -year bond with similar risk will be 6.5\%. 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.) Do not round intermediate calculations. Round your answer to the nearest cent