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The modified duration of a bond portfolio worth $1,800,000 is 4.00 years. By approximately how much does the value of the portfolio change if all
The modified duration of a bond portfolio worth $1,800,000 is 4.00 years. By approximately how much does the value of the portfolio change if all yields change by -4 basis points? (hint: use the correct sign and two decimals digit accuracy. Example: -8,690.00)
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