Tesco PLC has an outstanding issue of $1000-$par$-$value bonds issued $5$ years ago with a $10\%$ coupon interest rate. The issue has initial maturity of $8$ years and pays interest semi$-$annually.

i$)$ What is the value of each Tesco PLC bond if bonds of silimar risk are currently earning a $10\%$ rate of return?$(5$ marks$)$

ii$)$ If you are offered an opportunity to invest in these Tesco PLC bonds art the current market price of $1010$ per bond, should you accept this offer? Critically explain why.