Suppose a financial institution holds a portfolio of bonds with a value of $10,000,000 and duration of 4.5. The portfolio currently yields 2 percent and you dont anticipate any changes in the yield over the next month. If the average monthly change in the yield is 0 basis points and the monthly standard deviation of changes in the yield is 50 basis points, what is the portfolios monthly VAR at the 95% confidence level? Assume normal distribution of yield changes (the appropriate critical value is 1.65).