You have invested $1,000,000 in a certain firm's bonds. You estimate that the default probability of those bonds is 50%. Also, if default happens, you expect the recovery rate to be about 69%. What is your expected loss on this bond? Enter your answer as a percentage, without the percent sign ('%'), and rounded to 2 decimals. For example, if your answer is 0.12345678, that's equivalent to 12.345678%, so just enter 12.35