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Citrus County's assets have an average duration of 5 and a market value of $1 million. The market interest rate is 3%. Use the duration

Citrus County's assets have an average duration of 5 and a market value of $1 million. The market interest rate is 3%. Use the duration formula to estimate the market value if the interest rate changes to 2.75%. 975,264 1,012,136 1,046,927 1,018,927

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