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Miras portfolio includes a bond with the following characteristics: Current Value $127,325 Average historical return 5% Standard deviation 7% Current YTM 5% Duration 8 years

Miras portfolio includes a bond with the following characteristics:

Current Value $127,325
Average historical return 5%
Standard deviation 7%
Current YTM 5%
Duration 8 years

What would the new value be if interest rates increased to 6%? Show your work step by step using a HP 10bII+ calculator.

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