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The value of a bond portfolio is $ 21 million and the modified duration of the portfolio is 10 years. The standard deviation of the

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The value of a bond portfolio is $ 21 million and the modified duration of the portfolio is 10 years. The standard deviation of the daily yleld change (when yield is measured in percent) is 0.18, or in simple decimals 0.0018. Use the duration model to estimate the 30-day, 99% VaR for the portfolio What is it? 0 a $3.73 million Ob $3.36 million Oc $4.81 million Od $2.94 million De $458 million

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