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A pension fund manager is holding a portfolio with 14.4 years duration and the interest rate is currently 9.6%, What loss would the fund be

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A pension fund manager is holding a portfolio with 14.4 years duration and the interest rate is currently 9.6%, What loss would the fund be exposed to if interest rate rises by 1.3% ? Write your answer in decimals format (it should be rounded to the nearest thousandth)

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