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(6) Turki has the following data that relate to his bond portfolio. What is the duration of his portfolio? What would happen to the portfolio

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(6) Turki has the following data that relate to his bond portfolio. What is the duration of his portfolio? What would happen to the portfolio value if interest rates increase by 1.5%? Bond Amount Invested KD 5.000 4,000 1.000 Bond duration "years" 8.6 4.2 11.4

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