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An investor has 10 U.S. Treasury bonds in a portfolio with an aggregate par value of $10,000. The current market value of the portfolio is

An investor has 10 U.S. Treasury bonds in a portfolio with an aggregate par value of $10,000. The current market value of the portfolio is $9,460 and the portfolio duration is 9.50 years. If interest rates for all bond maturities increase by 1%, what would be the approximate new value of the portfolio

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