Solid State Fitness Equipment has a pure discount bond with a face value of $30,000 that matures in one year. The risk-free rate of return is 3.8 percent. The assets of the business are expected to be worth either $29,000 or $35,000 in one year. Currently, these assets are worth $28,600. What is the current value of the bond?

Multiple Choice

$28,146

$28,049

$29,547

$29,207

$28,222