On $1/1/2009$ ABC, Inc. purchases a $5-$year $$1,000,000,6\%$ bond requiring semiannual interest payments from XYZ$,$ Inc. Interest payments are scheduled to occur on $\frac{6}{30}$ and $\frac{12}{31}$ each year. They classify this investment as "Held to Maturity". ABC, Inc. pays an amount for the bond that creates an effective yield of $5\%.$ Over the next $3$ years interest rates rise and on $\frac{1}{1}\frac{?}{2012}$ ABC, Inc. decides to sell their bond so that they can reinvest the proceeds into an investment with lower risk and a higher yield. At the time of the sale the bond owned by ABC, Inc. is yielding $8\%.$ What will the fair value of the bond be at the time of sale?