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FIN333 Bank has five-year zero coupon bonds with a total face value of $10 million. The current market yield on the bonds is 3 percent.
FIN333 Bank has five-year zero coupon bonds with a total face value of $10 million. The current market yield on the bonds is 3 percent. What is the daily earnings at risk (DEAR) if the maximum potential adverse move in yields is estimated at 30 basis points? (DO NOT round intermediate calculations. Round your answers to 2 decimal places. Answer in absolute term WITHOUT the minus sign.)
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