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A bond portfolio is currently worth$500,000.It has a duration of11.1years.Next month,the interest rate increases by0.1%,Estimate the new portfolio value.(margin for error:+/-1,000) Please need answer within

A bond portfolio is currently worth$500,000.It has a duration of11.1years.Next month,the interest rate increases by0.1%,Estimate the new portfolio value.(margin for error:+/-1,000)

Please need answer within the next 30 mins or less

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