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My portfolio has an average modified duration of 4.7 years. If interest rates DECREASE by 0.14%, what is the approximate percentage gain or loss in

My portfolio has an average modified duration of 4.7 years. If interest rates DECREASE by 0.14%, what is the approximate percentage gain or loss in price/value of the bond?

		0.658% gain
		0.658% loss
		4.7% loss
		4.7% gain
		33.6% gain

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