XYZ Corp. is in need of cash. XYZ issues bonds with a $$1$ million face value. The bonds have an $5\%$ coupon rate. The market rate is $4\%.$ The bonds have a life of $10$ years, and are compounded semiannually. What is the price of these bonds upon issuance? Round your answer to the nearest penny.

Question $10$ options:

$$1,581,755\mathrm{.}75$

$$1,000,000\mathrm{.}00$

$$1,081,755\mathrm{.}75$

$$1,181,755\mathrm{.}75$