A portfolio manager owns $10 million par value of bond ABC. The bond is trading at $80 and has a modified duration of 7. The portfolio manager is considering swapping out of bond ABC and into bond XYZ. The price of this bond is $90 and it has a modified duration of 3. Answer questions 6-9 below: What is the dollar duration of bond ABC and bond XYZ per 100-basis-point change in yield? O $7 and $3 $2.4 and $6.30 $3 and $7 O $5.6 and $2.7 O none of the above