The duration of a 3-year par bond with 3% (p.a.) semiannual coupon is 2.89. A 3-year IRS with semiannual swap between fixed and floating rate payments is currently negotiated at 3% p.a. If market yield jumps up to 3.01% p.a. just after signing the IRS agreement, how much would the value of the fixed-rate payer's IRS position change? [Notional principal = $100 million.] ((1) +0.2890; (2) +0.2390; (3) +0.0289; (4) +0.0239; (5) -0.0239; (6) -0.0289; (7) 0.2390; (8) 0.2890; [unit: $ million; IRS: Interest Rate Swap] The duration of a 3-year par bond with 3% (p.a.) semiannual coupon is 2.89. A 3-year IRS with semiannual swap between fixed and floating rate payments is currently negotiated at 3% p.a. If market yield jumps up to 3.01% p.a. just after signing the IRS agreement, how much would the value of the fixed-rate payer's IRS position change? [Notional principal = $100 million.] ((1) +0.2890; (2) +0.2390; (3) +0.0289; (4) +0.0239; (5) -0.0239; (6) -0.0289; (7) 0.2390; (8) 0.2890; [unit: $ million; IRS: Interest Rate Swap]