Cox Media Corporation pays a $10$ percent coupon rate on

debentures that are due in $15$ years. The current yield to maturity

on bonds of similar risk is $8$ percent. The bonds are currently

callable at $$1,080.$ The theoretical value of the bonds will be

equal to the present value of the expected cash flow from the

bonds. Use$$Appendix B$$and$$Appendix D$$for an

approximate answer but calculate your final answer using the

formula and financial calculator methods.$$a$.$Find the market value of the bonds

using semiannual analysis.$($Ignore the call price in

your answer. Do not round intermediate calculations and round your

answer to $2$ decimal places.$)$