Suppose a company needs funds for a project so it is selling

some $$1,000$ par value, $6\%$annual coupon

rate$$bond with $8$ years to maturity.

If$$the bond pays interest monthly$$and if

the market's required rate is $10\%$ then what is the bond selling for

currently or$$what is the value of this bond?

$($Round your answer to $2$ decimal point$)$