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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

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 1,000,9 years to maturity, and a coupon
rate of 8.6 percent paid annually. If the YTM is 10.6 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.,32.16.
Current bond price
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