Suppose that Telstra Corporation Ltd issued a bond with 10 years untilmaturity, a face value of $ 1 000, and a coupon rate of 7.4% (annual payments). The yield to maturity on this bond when it was issued was 6.1 %. Assuming the yield to maturity remainsconstant, what is the price of the bond immediately before it makes its first couponpayment?

Before the first couponpayment, the price of the bond is $

nothing

. (Round to the nearestcent.)