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2. You work in regulation and monitor the risk exposure of large financial institutions Market yields jumped 60 basis points during yesterday's trading from a

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2. You work in regulation and monitor the risk exposure of large financial institutions Market yields jumped 60 basis points during yesterday's trading from a starting yield of 4% (assume a flat yield curve). Suppose Bank ABC reported corresponding bond portfolio losses of 2.8%. What is an estimate Bank ABC's bond portfolio duration as of the start of yesterday's trading? Be sure to show supporting work. I Bank ABC duration estimate: Supporting work

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