A company is promising a coupon payment of $$41$ in $4\mathrm{.}43$ years. A risk free government bond of the same maturity is yielding $1\mathrm{.}76\%$ per year. The credit spread for the promised payment by the company is $1\mathrm{.}86\%$ per year. Both the yield and the spread are stated on a continuously compounded basis.

What is the present value of the expected loss on the promised payment?