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Angel Chong, CFA, manages a portfolio that includes Bond A. Given the following information about Bond A, what is the dollar effect on the portfolio's

Angel Chong, CFA, manages a portfolio that includes Bond A. Given the following information about Bond A, what is the dollar effect on the portfolio's market value if interest rates decrease by 300 bps?

Par Value $2 million
Annualized Modified Duration 5.09290
Bond's Current Selling Price 105.15830

Group of answer choices

A. The portfolio's market value will increase by $185,262.

B. The portfolio's market value will increase by $321,336

C. The portfolio's market value will increase by $263,716

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