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A company issued a 10% coupon bond on 1 July 2018. The bond has a par value of R1 000 and matures on 30

A company issued a 10% coupon bond on 1 July 2018. The bond has a par value of R1 000 and matures on 30 June 2028. Coupons on the bond are paid semi-annually in arrears on 30 June and 31 December. The yield to maturity on similar risk bonds is 11.20%. What is the value of the bond on 1 July 2022?

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