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i will upvote show work please 20. You own a complicated investment through your broker which has financial information available only at the end of
i will upvote
20. You own a complicated investment through your broker which has financial information available only at the end of each month. Last month's statement shows the following information. The value of the investment is $45,219 The modified duration of the investment is 11.67 years The next day interest rates have increased 1%. Using the information from the statement, what is your best estimate of the value of your investment after the rate increase? A) $37,681 C) $45,671 E) Insufficient information to answer B) $39,942 D) $50,496 show work please
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