A 4-year note with annual coupon payments has a face value of $1,000 and duration of 3.65. It sells for $1012.45 and yields 5.21%. The average monthly change In the yield Is 0 basis points and the standard deviation of such changes is 23 basis points. What is the value at risk (VAR) at the 95% confidence level, to the nearest penny? The appropriate critical value is 1.65. (Record the answer as a positive value.) ________