A bank has a $1 milion market value position in a 4-year, zero coupon bond. The bond is yielding 5%. The mean change in the daily yields of the zero coupon bond has been 2 basis points over the past year with a standard deviation of 10 basis points. Using these data and assuming the yield changes are normally distributed: (a) (4 points) What is the highest yield change expected it a 99 percent confidence level is required? (b) (4 points) What is the daily earnings at risk (DEAR, using a 99 percent confidence level? le points) How to explain in words the DEAR number you calculated in part 1b) so that people who have not learned DEAR can understand the meaning of your estimation