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Monash bank has 4-year zero-coupon bonds with a total fair value of $27 million. The current market yield on the bonds is 6.7 percent. The

Monash bank has 4-year zero-coupon bonds with a total fair value of $27 million. The current market yield on the bonds is 6.7 percent. The maximum potential adverse move in yields is estimated at 19 basis points. What is the daily earnings at risk (DEAR) of this bond portfolio?

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