Four years ago, Oceanic Ventures issued $25-$year bonds at USD $1,000$ each, offering an annual interest rate of $4\%.$ At that time, the expected return from investors was based on a $1\mathrm{.}5\%$ real rate of return, a $1\mathrm{.}5\%$ inflation adjustment, and a $1\%$ risk premium, totaling a $4\%$ annual return. Now, $9$ years later, due to substantial marine exploration successes, the risk premium has increased to $3\%.$ As a result, the required return, or yield to maturity, on these bonds is now $6\%$ annually $(1\mathrm{.}5\%$ real rate $+1\mathrm{.}5\%$ inflation adjustment $+3\%$ risk premium$).$ With $16$ years left until maturity, calculate the current market value of the bonds.