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The modified duration of a bond portfolio worth $3,500,000 is8.00 years. By approximately how much does the value of theportfolio change if all yields change

The modified duration of a bond portfolio worth $3,500,000 is8.00 years. By approximately how much does the value of theportfolio change if all yields change by 3 basis points? (hint: usethe correc 2 answers

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