[ONLY CALCULATIONS + FORMULA, no need expalnations]

N1. Assume that for each basis point increase in the 12-year interest rate, the value of the portfolio increases by $50,000. The value of the portfolio increases by $50,000, and there are no other sensitivities. Using multiple top points for the 3-month, 6-month, 1-year, 2-year, 3-year, 5-year, 10-year, 15-year, 20-year, and

30-year term points are modeled. What is the sensitivity of the portfolio to one basis point growth for each term point of the term structure?

N2. A financial institution has a portfolio of options with the underlying variable USD/GBP with a delta of 3.9 relative to the percentage change in the exchange rate.