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A pension fund manager is holding a portfolio with 4.5 years duration and the interest rate is currently 6.5%, What loss would the fund be

A pension fund manager is holding a portfolio with 4.5 years duration and the interest rate is currently 6.5%, What loss would the fund be exposed to if interest rate rises by 1% ? Write your answer in decimals format (it should be rounded to the nearest thousandth)

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