Even though most corporate bonds in the United States make coupon payments semlannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company Issues a bond with a par value of 1,000,27 years to maturlty, and a coupon rate of 3.6 percent paid annually. If the yleld to maturlty is 3.2 percent, what is the current price of the bond? (Do not round Intermedlate calculations and round your answer to 2 decimal places, e.g., 32.16.) Even though most corporate bonds in the United States make coupon payments semlannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company Issues a bond with a par value of 1,000,27 years to maturlty, and a coupon rate of 3.6 percent paid annually. If the yleld to maturlty is 3.2 percent, what is the current price of the bond? (Do not round Intermedlate calculations and round your answer to 2 decimal places, e.g., 32.16.)