Static Inc pays constant dividends of $1.50 a year and is currently priced at $ 25/share (note: this means that Static falls into the zero-growth in dividends case). Dynamic Inc has issued bonds with a face value of $1000 which mature in 10 years with a coupon rate of 8 percent (payable semi-annually). If the YTM on these bonds is estimated to be equal to the required return on Static Incs stock, what is a fair price for a Dynamic Inc bond?