A United States Treasury bond pays annual interest, has a par value of $1,000, matures in 17 years, has a coupon rate of 1.33% per annum, and has a yield to maturity (YTM) of 13.74% per annum.The default risk premium on the bond issued by a United States company called Risky Business in the United States is 7.63% per annum.The bond issued by Risky Business pays annual coupon, has a par value of $1,000, matures in 17 years and has a coupon rate of 1.33% per annum. The current intrinsic value of that bond issued by Risky Business is $ _____?

[Hint: The default risk premium a bond is the difference between the YTM of a risky bond and the YTM of a default-free bond.]