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Ques29: A bank holds two bond positions both of which have a DEAR of $9 million. The correlation coefficient between the two bond portfolios daily

Ques29: A bank holds two bond positions both of which have a DEAR of $9 million. The correlation coefficient between the two bond portfolios daily returns is 0.4. What is the DEAR of the banks total bond position?

(Please round your answer to two decimal places)

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