With celebrity bonds, celebrity raise money by issuing to investors. The royalties from sales of the music are used to pay interest and principal on the bonds. In April of 2009, EMI announced that it announced that it intended to securitize its back catalogue with the help of the Bank of Scotland. The bond was issued with a coupon rate of 6.9% and will mature on this day 27 years from Now. the yield on the bond is currently 6.35%. At what price should this bond trade today, assuming a face value of $1,000 and annual coupons?