_____________________ SNAP INC. has a bond issue outstanding that pays $70 every year for the next 2 years. It has a face value (par value) of $1,000 and will mature in 2 years.

Assume: real risk-free rate = 1.5%, inflation premium = 2%, Maturity risk premium = 1%, Default risk premium = 3%, and liquidity premium = 2%. Given these conditions, what is the value ( or price) of the bond?

Please show work without using excel