On January $1,2023,$ Monty Corporation purchased a newly issued $$1,575,000$ bond. The bond matured on December $31,2025,$ and paid interest at $6\%$ every June $30$ and December $31.$ The market interest rate was $8\%.$ Monty's fiscal year$-$end is October $31,$ and the company had the intention and ability to hold the bond until its maturity date. The bond will be accounted using the amortized cost model.Click here to view Table A$2-$PRESENT VALUE OF $1-($PRESENT VALUE OF A SINGLE SUM$)$ Click here to view Table A$4-$PRESENT VALUE OF AN ORDINARY ANNUITY OF $1($a$)$Calculate the price paid for the bond using a financial calculator or Excel functions. $($Round answers to $2$ decimal places, eg$.52\mathrm{.}75)$