Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. German company issues a bond with a par value of $1,000,10$ years of maturety a coupon rate $6\mathrm{.}4$ percent paid annually. If the yield to maturety is $7\mathrm{.}5$ percent, What is the current price of the bond?

Note: Do not round intermediate calculations and round your answer to $2$ decimal place