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This is a question about portfolio Question #3 A portfolio manager purchased $8 million in market value of a bond with a duration of 5.

This is a question about portfolio

Question #3 A portfolio manager purchased $8 million in market value of a bond with a duration of 5. For this bond, determine the estimated change in its market value for the change in interest rates shown below. 55-4 a. 100 bps 1 b. 50 bps o. c. 25 bps 0.2 d. 10 bps

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