Even though most comorate bonds in Canada and the United 5 tates make coupon poyments semiannually, bonds issued elsewhece often have annual coupon payments. Suppose a German consany issues a bond with a par value of 61,000,17 years to maturity, and a coupon tate of 8.8 percent paid annunlly. If the yicid to maturity is 6.9 percent, what is the current paice of the bond? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit sign in your response) Current price of the bond