An investor believes that future stock market returns are going to

decline. Therefore, he decided to invest in some fixed$-$income

securities$.$ He paid $$19,000$ for a corporate bond with a face value of

$$20,000.$ The bond has an interest rate of $10\%$ per year payable yearly.

If the investor plans to sell the bond immediately after receiving the

fourth dividend payment, what is the minimum he will have to receive in

order to make a return of $14\%$ per year? Solve with

factors.