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. Jumpy Bank holds a portfolio of annual coupon bonds that is valued at $360 million. The modified duration of the bond portfolio, i.e., duration/(1+yield),

. Jumpy Bank holds a portfolio of annual coupon bonds that is valued at $360 million. The modified duration of the bond portfolio, i.e., duration/(1+yield), is 12 years. Based on the past 2-year dai...

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