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Question 3: Assume that all interest rates in the market increase suddenly and unexpectedly by 120 basis points. Approximate how this increase would affect the

Question 3: Assume that all interest rates in the market increase suddenly and unexpectedly by 120 basis points. Approximate how this increase would affect the overall value (in US$ terms) of outstanding U.S. treasury and corporate bonds! Briefly explain your calculation and the sources you used!

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