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(a) What is the effective duration for the portfolio? (b) What is the price value of a basis point for this portfolio (for a small

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(a) What is the effective duration for the portfolio? (b) What is the price value of a basis point for this portfolio (for a small change, you can use duration only as an approximation)? (c) What is the approximate price change for the 7% bond if its yield to maturity increases by 50 basis points

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