An analyst calculates the value of a corporate bond with an annual coupon rate of 3.25% and three years left to maturity. The analyst constructs the binomial interest rate tree as follows:

| Year 0 | Year 1 | Year 2 |

|--------|--------------|---------------|

| --- | --- | 8.1823% |

| --- | 6.0139% | --- |

| 3.0000%| --- | 6.6991% |

| --- | 4.9238% | --- |

| --- | --- | 5.4848% |

The discount factors for years 1, 2, and 3 are 0.9709, 0.9206, and 0.8623, respectively. Assuming the recovery rate is 40% and the annual probability of default is 1.50%, the credit valuation adjustment to the value of the bond is closest to: