A certain 10-year bond is currently selling for \(\$ 920\). A friend of yours owns a forward contract on this bond that has a delivery date in 1 year and a delivery price of \(\$ 940\). The bond pays coupons of \(\$ 80\) every 6 months, with one due 6 months from now and another just before maturity of the forward. The current interest rates for 6 months and 1 year (compounded semiannually) are \(7 \%\) and \(8 \%\), respectively (annual rates compounded every 6 months). What is the current value of the forward contract?