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

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Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon poyments. Suppose a German company issues a bond with a par value of e1,000, 10 years to maturity, and a coupon rate of 7.7 percent pald annually. If the YTM is 9.7 percent, whot is the curtent bond price in euros? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.9. 32.16

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