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Xanth Co. has 8.9% annual coupon bonds with face value of $1,000 and 7 years remaining...

Xanth Co. has 8.9% annual coupon bonds with face value of $1,000 and 7 years remaining until maturity. The bonds are priced to yield 8.2%. What is the present value of the bonds coupon payments (do not include the repayment of face value at maturity)?

Round your answer to two decimal places. (e.g., 355.76)

(Please solve using N, I/Y, PV, PMT and FV on the financial calculator)

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