BLB Ltd has just issued a coupon growth bond with the following terms. Each bonds face value is $1,000 and the bonds will mature in 5 years time. Coupons will be paid on an annual basis at the end of each year. The first years coupon will be $100 which will then grow at an annual rate of 10% until the bonds mature. If the bonds yield to maturity is 8% per annum, its price today should be closest to?