Jackson bought a 10-year, $1,000 PAR coupon bond today. Annual coupon rate is 9%. Coupons are paid twice a year. When he purchased, Jackson was hoping for a YTM of 7% on this Bond. Assume that Jackson's return expectations did not change and 2 years have passed.

How much should be the current value of the Bond that Jackson bought? Enter your answer in the following format: 1234.56 Hint: Answer is between 1042.48 and 1210.62