City bank has two-year bonds with a total face value of $20 million and a 5% coupon, which is paid semiannually. The current market yield on the bonds is 5%. If the maximum potential adverse move in yields is estimated at 50 basis points, what is the daily earnings at risk (DEAR) of this bond portfolio? Student instructions: Please input your answer as a dollar value with 2 decimal places without the $. For example, 347,452.52