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Suppose the value of your bond portfolio is $500,000. It has a duration of 14.3 years. In 2 months, the interest rate increases by 0.42%.

Suppose the value of your bond portfolio is $500,000. It has a duration of 14.3 years. In 2 months, the interest rate increases by 0.42%. Estimate how much your bond portfolio will be worth in 2 months. (margin for error: +/- 500)

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