Consider a 3-year zero-coupon risky bond. The bond has a recovery rate of 40% and a risk of default in any given year of 2.25%. Suppose you have already determined that the expected loss in each of the three years are the following. Year Expected Loss 1 1.273 2 1.281 3 1.289 Assuming a flat government yield curve of 3%, determine the credit valuation adjustment per hundred of par required to price the risky bond. Credit valuation adjustment = $ Answer to two decimal places. Consider a 3-year zero-coupon risky bond. The bond has a recovery rate of 40% and a risk of default in any given year of 2.25%. Suppose you have already determined that the expected loss in each of the three years are the following. Year Expected Loss 1 1.273 2 1.281 3 1.289 Assuming a flat government yield curve of 3%, determine the credit valuation adjustment per hundred of par required to price the risky bond. Credit valuation adjustment = $ Answer to two decimal places