Question
8. A bond portfolio has a market value of $5,225,000. Its duration is 6.74. If the average yield on the bond portfolio increases from 5.85%
8. A bond portfolio has a market value of $5,225,000. Its duration is 6.74. If the average yield on the bond portfolio increases from 5.85% to 6.20%, what is the estimated effect on the value of the portfolio?
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Foundations In Personal Finance
Authors: Dave Ramsey
College Edition
1936948001, 978-1936948000
