Suppose that General Motors Acceptance Corporation issued a bond with $10$ years until$$ maturity, a face value of $ $1$ comma $000$$$1,000,$ and a coupon rate of $7\mathrm{.}5\%7\mathrm{.}5\%($annual payments$).$ The yield to maturity on this bond when it was issued was $5\mathrm{.}8\%5\mathrm{.}8\%.$ Assuming the yield to maturity remains$$ constant, what is the price of the bond immediately before it makes its first coupon$$ payment?

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Part $1$

Before the first coupon$$ payment, the price of the bond is $$$enter your response here. $($Round to the nearest$$ cent.$)$