A bond portfolio manager owns $5 million par value of bond ABC. The bond is trading at 70 per $100 par value and has a modified duration of 6 . The portfolio manager is considering swapping out of bond ABC and into bond XYZ. The price of this bond is 85 per $100 par value and it has a modified duration of 3.5. Use this information to answer questions 23 to 25 . What is the dollar duration for the $5 million par value position of bond ABC ? A. 55 million B. $3.5 million c. $210,000 D. $300,000 QUESTION 25 A bond portfolio manager owns $5 million par value of bond ABC. The bond is trading at 70 per $100 par value and has a modified duration of 6 . The portfolio manager is considering swapping out of bond ABC and into bond XYZ. The price of this bond is 85 per $100 par value and it has a modified duration of 3.5. Use this information to answer questions 23 to 25 . How much in market value of bond XYZ should be purchased so that the dollar duration of bond XYZ will be approximately the same as that for bond ABC ? A. $6 million B. 55 million C. $735,000 D. $8 million A bond portfolio manager owns $5 million par value of bond ABC. The bond is trading at 70 per $100 par value and has a modified duration of 6 . The portfolio manager is considering swapping out of bond ABC and into bond XYZ. The price of this bond is 85 per $100 par value and it has a modified duration of 3.5. Use this information to answer questions 23 to 25 . What is the dollar duration for the $5 million par value position of bond ABC ? A. 55 million B. $3.5 million c. $210,000 D. $300,000 QUESTION 25 A bond portfolio manager owns $5 million par value of bond ABC. The bond is trading at 70 per $100 par value and has a modified duration of 6 . The portfolio manager is considering swapping out of bond ABC and into bond XYZ. The price of this bond is 85 per $100 par value and it has a modified duration of 3.5. Use this information to answer questions 23 to 25 . How much in market value of bond XYZ should be purchased so that the dollar duration of bond XYZ will be approximately the same as that for bond ABC ? A. $6 million B. 55 million C. $735,000 D. $8 million