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 years to maturity, and

a coupon rate of $8\mathrm{.}9$ percent paid annually. If the YTM is $10\mathrm{.}9$

percent, what is the current bond price in euros?

Note: Do not round intermediate calculations and round your

answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

Current bond price