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Even though most corporate bonds in Canada and the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a

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Even though most corporate bonds in Canada and the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a pae value of C1,000, 13 years to maturity, and a coupon rate of 8.4 percent paid annually. If the yield to maturity is 6.7 percent, what is the current price of the bond? (Do not round intermediate caiculations. Round the final answer to 2 decimal places, Omit C sign in your response.) Curtent price of the bond

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