Problem $7-6$ Bond Prices $[$LO$2]$

Westco Company issued $15-$year bonds a year ago at a coupon rate of $8\mathrm{.}1$ percent. The

bonds make semiannual payments and have a par value of $$1,000.$ If the YTM on these

bonds is $6\mathrm{.}4$ percent, what is the current bond price in dollars? $($Do not round

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

Current bond price