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 $1,000,7$ years to maturity, and a coupon rate of $7\mathrm{.}8$ percent paid annually. If the YTM is $9\mathrm{.}8$ percent, what is the current bond price in euros?