You assume the following information regarding the risk free interest rates and a debt-issuing (with a face value of $1,000) corporate respective interest rates:

Years 1 2 3 4 5

Risk Free Interest Rate 4% 4% 4% 4% 4%

Corporate Interest Rate 4.5% 5% 5.5% 6% 6.5%

You also assume that the recovery rate throughout the entire time frame of 5 years is 35%, what is the value of a corporate bond with 5 years to maturity?

$566.20

$826.20

$716.20

$756.20

$356.20