You have been employed by Forged Iron Securities, Limited. One of your clients is interested in invsting in fixed income securites. You have examined the following bond for sale: - 8.6\% coupon bonds, paid annually (once per year). - 9 years left to maturity. - Face value of \$1,000. If the YTM in the market for similar bonds is 10.6%, what is the current bond price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 12.34.)