Eastwood Enterprises owns 460 bonds of the Van Cleef Company (5% of the outstanding debt of Van Cleef). Eastwood is trying to determine the fair value of Van Cleef's bonds. The relevant facts are as follows: Eastwood bought the Van Cleef bonds earlier in the accounting period for $1,000 per bond at a time when the bonds were publicly traded. Since Eastwood bought the bonds, Van Cleef Company has been delisted from the stock exchange and there is no longer an active market in the Van Cleef bonds. Eastwood's internal valuation specialist estimates the Van Cleef bonds to be worth $750 per bond. Eastwood plans to continue holding the bonds, but may someday sell them if their value increases sufficiently