The International Publishing Group is raising $$10$ million by issuing $15-$year bonds with a coupon rate of $7\mathrm{.}80$ percent. Coupon

payments will be made annually. Investors buying the bonds today will earn a yield to maturity of $7\mathrm{.}80$ percent. The Face Value of each

bond is $$1,000.$ At what price will the bonds sell in the marketplace?

Sale value

$