Problem $6-6$ Bond Prices

Wiser Co$.$ issued $14-$year bonds two years ago at a coupon rate of ${7\mathrm{.}4}_{?}$ percent. The bonds make semiannual payments.

If the YTM on these bonds is $5\mathrm{.}4$ percent, what is the current dollar price assuming a par value of $$1,000?($Do not round

intermediate calculations.$)$