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 EUR $1,000,15$ years to maturity, a coupon rate of $7\mathrm{.}2\%.$ If

the yield to maturity is $6\mathrm{.}3\%,$ what is the current price of the bond