Moria Limited has corporate bonds outstanding with a total face value of $$1\mathrm{.}95$ millions. The coupon rate is $6\mathrm{.}7\%$ p$.$a$.$ compounding semi$-$annually. The bonds mature in $20$ years and currently Moria's bonds are trading at a yield of $9\mathrm{.}87\%$ p$.$a$.$ Moria Limited has asked you to calculate the debt component to help in its calculation of its weighted average cost of capital $($WACC$).$ If a coupon payment was paid today, what is the market value of Moria's issued bonds? Provide your answer to the nearest dollar.