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City bank has six-year zero coupon bonds with a total value of $20 million. The current market yield on the bonds is 10 percent and
City bank has six-year zero coupon bonds with a total value of $20 million. The current market yield on the bonds is 10 percent and the maximum potential adverse move in yields is estimated at 20 basis points. What is the daily earnings at risk (DEAR) of this bond portfolio?
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