$5$: $$Even though most corporate bonds in the United States

make coupon payments semiannually, bonds issued elsewhere often

have annual coupon payments. Suppose a German company issues a bond

with a par value of $1,000,10$ years to maturity, and a coupon rate

of $6$ percent paid annually.If the yield to maturity is $7\mathrm{.}1$ percent, what is the current

price of the bond? $($Do not round intermediate calculations and

round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$