Even though most corporate bonds in the united states make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of $$1000,8$ years to maturity, and a coupon rate of $8\mathrm{.}5$ percent paid annually. If the YTM is $10\mathrm{.}5$ percent, what is the current bond price in euros?