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Suppose a manager has a holding of XYZ bond with a current market value of $25 million and a duration of 5.4. If the

Suppose a manager has a holding of XYZ bond with a current market value of $25 million and a duration of 5.4. If the bond's yield dropped by 100 basis points, what would be the change in the market value? Dollar Duration = = -D* ($Market Value) * Ar

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