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A bond portfolio is currently worth $500,000. It has a duration of 11.1 years. Next month, the interest rate increases by 0.1%, Estimate the new...

A bond portfolio is currently worth $500,000. It has a duration of 11.1 years. Next month, the interest rate increases by 0.1%, Estimate the new portfolio value. (margin for error: +/- 1,000)

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