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A portfolio has a duration of 5 . Interest rates rise 4 0 basis points ( 0 . 4 0 % ) . What percentage

A portfolio has a duration of

5 .

Interest rates rise

40

basis points

(0.40 %) .

What percentage change is there in the portfolio's value?

- 2 % + 5 % . + 2 % - 5 %

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