a$)$ B & B Limited identified a project that is expected to significantly boost the company's revenues. The company's investment banker recommended that capital be obtained using debt financing. B & B Limited issued bonds on January $1,2009,$ which mature on December $31,2028.$ The bonds have a par value of $$1,000$ and a coupon rate of $8\%.$ Coupon payments are made semi$-$annually.

i$.)$ What would be the value of the bonds on June $30,2021,$ if the interest rates had risen to $14\%?$