A large corporation would like to borrow a large amount of money for its new expansion project. Instead of asking for a bank loan, it decided to borrow in the open market by selling a large number of corporate bonds. The price received from selling each bond becomes a "mini loan" that will then need to be repaid over a number of years.

And so the corporation has just issued $5$ percent coupon bonds with $$1,000$ face value. These bonds will mature in $16$ years, and until then they will be making semiannual payments to their holders. The yield to maturity on these bonds is $10$ percent.

Given these bond characteristics, how much should each of these bonds be selling for in today's market?