XYZ Corp. has a bond issue with a $$1,000$ par value and a $12\%$ coupon rate. It pays interest semi$-$

annually and has $10$ years remaining to maturity. It just made a coupon payment $($i$.$e$.,$ it has $10$

coupon payments left to make$).$ If bonds with similar risk and maturity have yields to maturity of

$7\%,$ What is the price of XYZ$\text{'}$s bond?