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Consider Bond A: has a duration of 5, Bond B has a duration of 10 and Bond C has a duration of 15. Your $5M

Consider Bond A: has a duration of 5, Bond B has a duration of 10 and Bond C has a duration of 15. Your $5M bond portfolio is comprised of $2M of Bond A, $2M of Bond B and the rest is Bond C. If rates go from 9% to 7% the value of your portfolio would change by ____%

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