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As of April 30, 1994, the Orange County Investment Portfolio was valued at $7.5 billion. The modified duration of the portfolio is around 7.4 years.
As of April 30, 1994, the Orange County Investment Portfolio was valued at $7.5 billion. The modified duration of the portfolio is around 7.4 years. Toward the end of 1994, the market interest rates rose by about 3%. Estimate the amount of loss of this portfolio.
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Financial Management Theory And Practice
Authors: Prasanna Chandra
10th Edition
9353166527, 978-9353166526
