1. A semi-annual coupon bond has MacD of 27.0 years, yield-to-maturity of 4.0%, and price of $1200.00. What is its DV01? Answer in dollars, rounded to three decimal places.

2. You own a bond portfolio worth $70,000. You estimate that your portfolio has an average YTM of 5.0% and a Modified Duration of 20 years. If your portfolio's average YTM were to decrease by 2 basis points, how much would the value of your portfolio change? Round to the nearest cent. [Hint: Answer is positive if the portfolio value increases and negative if the value decreases]