Suppose that General Motors Acceptance Corporation issued a bond with 10 years until maturity, a face value of $1,000, and a coupon rate of 7.7% (annual payments). The yield to maturity on this bond when it was issued was 6.1%. What was the price of this bond when it was issued?

Can you show the formula that needs to be used to solve this question please? I need an exact answer.

Suppose that General Motors Acceptance Corporation issued a bond with 10 years until maturity, a face value of $1,000, and a coupon rate of 7.7% (annual payments). The yield to maturity on this bond when it was issued was 6.1%. What was the price of this bond when it was issued? When it was issued, the price of the bond was $. (Round to the nearest cent.)