ABF's corporate bond has a coupon rate of 6 percent, a $1,000 face value, and matures two years from today. The corporation is in a serious financial situation and has announced that no future annual interest payments will be paid and that only 70 percent of the face value will be repaid but that payment will be delayed by one year. What is the current value of this bond to a bondholder with a required rate of return of 14 percent?

$538.63

$809.34

$868.27

$472.48

$506.23