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Seattle Seafood Company ( SSC ) has an issue of 8 - year, ( 1 1 % ) annual coupon bonds outstanding.

Seattle Seafood Company (SSC) has an issue of 8-year, \(11\%\) annual coupon bonds outstanding. The bonds, which were originally issued 12 years ago, have a face value (FV) of \(\$ 1,000\), a yield to maturity (YTM) of \(7\%\), and are noncallable. What is the current market price of SSC's bonds? (Note: Do not round your intermediate calculations.)

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