When Sunland Corp. issued its $60-$day commercial paper, the promised yield was $11\mathrm{.}0$ percent, whereas the $60-$day $T-$bill yield was $6\mathrm{.}7$

percent. There $isa1-$percent chance that Sunland will default $on$ this debt. $If$ investors were willing $to$ pay the full par$-$value amount

$($$$1,000)to$ purchase the paper, how much $do$ they expect $to$ recover $in$ the event $of$ a default? $(Round$ intermediate calculations $to4$

decimal places, $e.g.0\mathrm{.}4235$ and final answer $to2$ decimal places, $e.g.5,275\mathrm{.}75.)$