during the following month? Calculate the value of your portfolio. A 1-yr bond is now an 11-month bond and a 5-yr bond becomes a 4-year 11-month bond. Assume for pricing purposes that the 5-yr rate applies to the 4-yr 11-month bond and the 1-yr rate applies to an 11-month bond when calculating bond prices. Why did your portfolio value change from before? 3. What would the change in your portfolio value have been if the 1-yr rate had stayed the same and the 5-yr rate had gone down by 0.5 percentage points