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 value of euro 1,000, 25 years to maturity and a coupon rate of 6 4 percent paid annually.
If the yield to maturity is 7 5 percent what is the current price of the bond? (Do not round Intermediate calculations and round your final answer to 2 decimal places, (e.g., 32.16))