Bond X is noncallable and has 5 years to maturity, a 7% annual coupon, and a $1,000 par value. Your required return on Bond X is 6%; if you buy it, you plan to hold it for 2 years. You (and the market) have expectations that in 2 years, the yield to maturity on a 3-year bond with similar risk will be 8%. How much should you be willing to pay for Bond X today?