Assuming a constant default probability per year and a constant loss given default, for a simplified reduced form model, and given the following information about a bond:

Face value $975$

Time to maturity $4$

Default intensity $(\%)1\mathrm{.}5$

Loss given default $(\%)44$

Price of $4$ year risk free zero coupon bond $($per $$)0\mathrm{.}93$

What is the present value of expected loss on the bond?