A United States Treasury bond pays annual interest, has a par value of $1,000, matures in 2 years, has a coupon rate of 4.04% per annum, and has a yield to maturity (YTM) of 12.89% per annum. The default risk premium on the bond issued by a United States company called Risky Business in the United States is 7.88% per annum. The bond issued by Risky Business pays annual coupon, has a par value of $1,000, matures in 2 years and has a coupon rate of 4.04% per annum. The current intrinsic value of that bond issued by Risky Business is _________