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The investment fund for which you are working is currently managing a bond portfolio with market value equal to 37 million. You estimated that
The investment fund for which you are working is currently managing a bond portfolio with market value equal to 37 million. You estimated that the duration of such portfolio is equal to 5.3. Determine the new value of your portfolio if the interest rates increase by 120 basis points. Express the result in Million, i.e. to indicate 1,000,000.00 write 1.
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