Suppose the US government is issuing a $$1,000$ PAR value coupon bond today. This bond will mature in $20$ years from today.

This Bond's annual coupon rate is $11\%.$ Coupons are paid $2$ times in a year. The investors expect $4\%$ annual return on this bond.

How much is the present value of this Bond?

Enter your answer in the following format: $1234\mathrm{.}56$

Hint: Answer is between $1722\mathrm{.}55$ and $2192\mathrm{.}33$