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A bond portfolio has the following composition: 1. Portfolio A: price $90,000, modified duration 2.5, long position in 8 bonds 2. Portfolio B: price $110,000,

A bond portfolio has the following composition:

1. Portfolio A: price $90,000, modified duration 2.5, long position in 8 bonds

2. Portfolio B: price $110,000, modified duration 3, short position in 6 bonds

3. Portfolio C: price $120,000, modified duration 3.3, long position in 12 bonds

All interest rates are 10%. If then rates rose by 25 basis points, then the bond portfolio value will decrease by $_____?

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