Diamond Corporation is planning a bond issue with an escalating coupon rate. The annual coupon rate will be $4\mathrm{.}5\%$ for the first $2$ years, $5\mathrm{.}5\%$ for the subsequent $3$ years, and $6\mathrm{.}5\%$ for the final $4$ years. If bonds of this risk are yielding $6\mathrm{.}5\%,$ estimate the bond's current price. Face value of the bond is $$1,000.($Round your answer to the nearest cent.$)$

Bond's current price $