Jackson bought a 10-year, $1,000 PAR coupon bond today.

Annual coupon rate is 11%. Coupons are paid once in a year.

When he purchased, Jackson was hoping for a YTM of 10% 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 948.01 and 1179.75