P$7-3$ Valuing Bonds $[$LO$2]$

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 $1,000,5$ years to maturity, and $a^i$ coupon rate of $6$ percent paid annually. If the yield to maturity is $10$ percent, what is the current price of the bond?