TWE Ltd. is rated as BB on the bond market, and the face value of the bond is $1000 with a 4.5% annual coupon rate. Given that the risk-free rate is 0.75% annually and the bond will mature in 4 years. The marginal mortality rates are provided in the following table.

Table 1. Marginal Mortality Rates by Corporate Bond Ratings
	Years after Issuance
	1	2	3	4	5	6
AAA Marginal Rates	0.00%	0.01%	0.09%	0.06%	0.09%	0.10%
AA Marginal Rates	0.07%	0.08%	0.32%	0.48%	0.51%	0.54%
A Marginal Rates	0.11%	0.22%	0.72%	0.81%	1.95%	2.74%
BBB Marginal Rates	0.55%	3.11%	4.12%	5.51%	6.65%	7.34%
BB Marginal Rates	1.62%	3.48%	4.42%	6.41%	8.65%	10.24%
B Marginal Rates	3.86%	5.44%	7.12%	8.82%	7.32%	6.19%
CCC Marginal Rates	8.65%	14.81%	18.28%	13.76%	9.54%	7.33%

What should be the current price of TWE Ltd.s bonds?