A bond has face value of ₹1000 matures in 4 years. Coupon rate 4% per annum. The bond makes annual coupon payments. If the yield to maturity is 4%, then the fair value of bond is : (Given $(1.04)^{-4}=0.8551$)

₹2000 ₹1600 ₹1200 ₹1000

₹1000