Consider the following security:

Settlement Date: 1 January 2016

Maturity Date: 1 January 2018

Face Value: 100

Coupon Rate: 4%

Frequency (per year): 2

YTM: 5%

Day count basis: ACT/360

What is the price of this security?

^{Hint: You can manually compute the present values of payments and sum them up, or use the Excel PRICE function.}

Using the Duration formula or the Excel DURATION function, calculate the duration of this security. Enter your answer in years, with two decimal places.

You are doing a stress test for Bank Uno. The only asset that Uno has is $250 million invested in the security that you analyzed in the previous two questions. If the YTM increases by 1,000 bps, by how much (approximately) do you expect Uno's asset to shrink? Note: To answer this question use annual duration.

^{Hint: As in a previous question, recall the difference between Duration (D) and Modified Duration (MD)}.

^{Enter your answer as a (positive) loss in Millions of $, with two decimal places.}