Q-70. Assumes that bond trader, Jayme Ryan, wishes to make a relative value trade by selling a U.S. Treasury bond (T-bond) and purchasing a U.S. Treasury Inflation Protected Security (TIPS). Ryan decides to short $100 million of the nominal bond and determines that the DV01 of the TIPS is 0.088 and the DV01 of the T-bond is 0.065. Ryan then runs a least squares regression based on changes in the nominal yield and real yield and finds a yield beta of 1.03 basis points. What is the amount of TIPS that Ryan should purchase in order to hedge the short nominal bond?