1 point Suppose a bond manager owns $5 million par value of bond X, which trades at $70, has a modified duration of 6, and has a par value of $100. The manager wants to swap bond X for bond Y, which trades at $85, has a modified duration of 3.5, and has a par value of $100. If the manager wants the dollar duration of bond Y to be the same as the dollar duration of bond X, how much in par value of bond Y should the manager buy? $8,571,428.57 $6,000,000.00 $10,084,033.61 $7,058,823.53