Given the assumptions in the previous question: Suppose a high$-$yield bond has the following features: $$1000$ face value, coupon of $12\mathrm{.}5\%,$ matures in $8$ years, callable after $2$ years with a penalty of $1$ year$$s interest. But this time assume the current market interest rate is $8\%,$ what should the price of the bond be$?$ Please round your response to $2$ decimal places.