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 $?1000,7$ years to maturity, and a coupon rate of $8\mathrm{.}8$ percent paid annually. If the yield to maturity is $10\mathrm{.}8$ percent, what is the current price of the bond?