Guymon Solar Energy just raised (borrowed) $250 million by issuing innovative new bonds referred to as Biennial bonds. The bonds, which were issued on February 14, 2020 have a par/face value of $1000. Although the biennial bonds will make an interest payment of $75 once every two years in perpetuity, so that the principal will never be returned to the bondholders, the first interest payment on the bonds is scheduled to be paid on February 14, 2021, with biennial interest payments to be received every two years from that date on (e.g., the second payment is scheduled for February 14, 2023). Assuming that the semiannually compounded yield to maturity for the bonds is 5.0 percent, determine the current value of one (and only one) of the Biennial bonds issued by Guymon Solar Energy.