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Citrus County's assets have an average duration of 8 and a market value of $1 million. The market interest rate is 5%. Use the duration

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Citrus County's assets have an average duration of 8 and a market value of $1 million. The market interest rate is 5%. Use the duration formula to estimate the market value if the interest rate changes to 4%. 1,055,284 1,097.331 1,076,190

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